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

2. Outline

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

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

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

6. 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.