Do you know basic Earned Value Management terms and how they relate to an EVMS graph? Before watching this video take the quiz and see if you can identify all of the parts of the EVM graph example.
If you are not sure about a specific term, use the links below to skip to that term’s definition.
0:41 – Management Reserve
2:33 – Schedule Variance
3:13 – Budget At Completion
3:27 – Budgeted Cost for Work Scheduled
3:50 – Variance At Completion
4:42 – Estimate At Completion
5:36 – Actual Cost of Work Performed
5:55 – Estimate to Complete
6:08 – Cost Variance
6:27 – Program Overrun
6:40 – Time Now
6:48 – Budgeted Cost for Work Performed
7:05 – Forecasted Program Schedule Slip
7:23 – Estimated Completion Date
7:28 – Planned Completion Date
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