If the question is about a schedule, think about planned value along with the earned value. Most importantly, if you are working cost-related questions think about the actual cost with Earned Value. It appears above in all the formulas, which means you have to derive the values of cost variance, schedule variance, cost performance index, and schedule performance index, keeping Earned Value in mind at first.Įarned Value comes before any other value. Not getting it yet? Yes, the easiest part is Earned Value (EV). Take a look at the first four PMP formulas above and try to find out the commonalities in them. Schedule Performance Index (SPI) = EV / PVĮAC = AC + Schedule Variance (SV) = Earned Value (EV) – Planned Value (PV) She is proud to say that she is a certified Project Management Professional (PMP).Cost Variance (CV) = Earned Value (EV) – Actual Cost (AC) In 2013, she received a Master's degree in Rhetoric from the University of Oklahoma. She was introduced to project management in 2004 at Virgin Atlantic UK where she served as Brochure Production Specialist. Sarah has also worked at Wyle Aerospace as Procurement Specialist for the USAF's B-1 Program. She has been teaching at the collegiate level for five years. Prior to joining Devon, she developed and taught the Technical Communications program for the Mewbourne School of Petroleum and Geological Engineering at the University of Oklahoma. She also teaches a variety of communications and writing courses for Oklahoma City Community College. Sarah is currently employed by Devon Energy where she is leading the Stakeholder Management Maturity Model project, helping to develop the Portfolio Management model for Devon's growing PMO and helping to roll out MS Project Server across the organization. How to Access D2L-Online Class OnboardingĪuthor: Project Management Institute Edition: 7th Edition ISBN 13 978 -1-42456-4045-4, 10 1-4246-4045-8, E-Reader There is a $300 discount for current OCU students in good standing, alumni, military and companies with three or more students enrolled in the same class.Īccrediting Association: Project Management Institute (PMI) Sections PMP®/CAPM® Exam Preparation ISBN 1628256648, 9781628256642 (paperback) Project Management Institute, PMI Authorized PMP Exam Prep Student Manual, published by the Project Seventh Edition, published by the Project Management Institute. Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Textbook Fees: Students will purchase their own books. STUDENTS MUST WITHDRAW BY THE SECOND WEEK OF CLASS TO RECEIVE A FULL REFUND FOR TUITION. There is a 2.85% fee for credit card payments. Online course fee: $1,495.00, plus $99 for online content. The Project Management Professional course is offered online.įall 2023 online dates: Aug. The classes offered satisfy the PMP ®TM requirement for contact hours and are open to all students and professionals interested in learning more about the growing project management field. In addition to in-depth coverage of A Guide to the Project Management Body of Knowledge (PMBOK ® Guide) 7th Edition (Project Management, Inc., 2020), and Q&As for the PMBOK ® Guide Seventh Edition you analyze sample exam questions, and learn tips and tricks to help you pass each domain. The course also covers ethics and professional responsibility. This 40-hour course prepares you to take the Project Management Institute (PMI®) Project Management Professional (PMP®) or Certified Associate Project Manager (CAPM®) examination.
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