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Earned value management


Earned value management

Learning solution summary: 

You are working as a project manager for the design and implementation of an information system. Your task is to implement projects cost-effectively, implement them in schedule, and follow project progress using earned value method.

Learning outcomes: 

  • Comprehend objectives and basic concepts of earned value method (EVM) 
  • Calculate indexes that describe project cost (CPI) and schedule performance (SPI) 
  • Analyze whether project is progressing on schedule and budget 
  • Estimate project duration and total cost 

Game duration: 3×20 min (three separate games)

Key tasks and skills: Project monitoring and control, Project cost and schedule performance, Estimating project cost and schedule