The graph example is misleading and wrong. Curve should remain at 0 until payment is made to contractor. Currently the graph showd that we paid the contractor $ every day.
I think he said they only did 25% of the wall at that time. So the planned 1000 bricks at £250 plus labour £750 makes £1000. 25% complete of it is £250.
We’ll done for explaining one of the toughest elements of the APM PM exam! Very useful 😀
watching this let me understand this technique a little bit more, very well explained and at a good pace. Thank you.
One of the best video on the EVM! Thank you so much
brilliant. now i really understand what earned value management is all about.
Very good explanation and simple. Thank you
Thank you Kartik, we're so glad it was useful for you.
How did you work out you had 25% of wall?
Confuses me too. Would make sense if the days were 20 but it was calculated at half not quarter.
EV=percent work completed(%) x planned cost=.50%x500=250
Simple and effective! Thank you so much!
Great video indeed!!
please let me know how did you get the EV at £250?!
Perfect lesson! Thank you a lot!!!!!
Thank you!
I don't get the EV though, I didn't pick up from the video what that is.
The graph example is misleading and wrong. Curve should remain at 0 until payment is made to contractor. Currently the graph showd that we paid the contractor $ every day.
How is the EV £250 calculated?
I think he said they only did 25% of the wall at that time. So the planned 1000 bricks at £250 plus labour £750 makes £1000. 25% complete of it is £250.