Sections 1-3: Standard Section 4: Math

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Presentation transcript:

Sections 1-3: Standard Section 4: Math PMBoK Chapter 7 Sections 1-3: Standard Section 4: Math

Outline

Section 7.1: Note that this is first bubble in previous slide…

Section 7.2: Note that first input is output from previous slide.

Section 7.3: Note that three inputs come from 7.1 and 7.2 outputs.

Section 7.4: Earned Value Management (EVM) Methodology that combines scope, schedule, and resource measurements to assess project performance and progress (with a dozen acronyms). Example: A million dollar project is planned to be done in 16 months. After 8 months, the data is: AC = $580,000 PV = EV = $430,000 a) What are the BAC and what do the three items above mean? b) Calculate and interpret the remaining eight earned value statistics.