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Cost Management

Is Project Budget and Cost Baseline the same?

https://youtu.be/fP6_SBhmMFY Short answer - No! But don't forget to watch the video and understand the different terms. One more tip…

Value Analysis – Bringing the Cost down without reducing the Project Scope

https://youtu.be/mSkVsslcZKw Value Analysis is a term that is often used in Value Engineering. Value Engineering is defined as, The modification…

How to remember EVM formulas – SV, SPI, CV, SPI

https://youtu.be/O3nW6Wa88qc Are you feeling overwhelmed with all the EVM formulas? Let's discuss in this video how to remember four important…

Sample PMP Questions of Earned Value Management with Answers

https://youtu.be/bHQu-VwJl-Q Before proceeding, hopefully you already know the formulas for Earned Value Management technique, if not, check out this two…

Control Costs Process

https://youtu.be/UqGrhVjudl0 What's better than studying a topic only to realize you already know it! That's exactly what you'll feel like…

Earned Value Management (EVM) Technique Formulas and Explanations

https://youtu.be/8AaggEt5ZIk Although we have already covered Earned Value Management formulas, in this article we are taking an overview of what…

All PMP Cost Management Formulas (Earned Value Management – CPI, SPI, CV, SV, EAC, ETC, TCPI, VAC)

https://youtu.be/V2z3Qg7JECw Schedule Performance Index SPI = EV/PVEV = Earned ValuePV = Planned Value < 1 behind schedule = 1 on…

I don’t do Cost Management on my Projects

https://youtu.be/ObjoW4OF-Tw What if you don't do Cost Management on your projects at all? Sure Cost Management is a Knowledge Area…

Determine Budget Process

https://youtu.be/nHxsgORcgLw Once we are done with Estimate Costs, the next process in the line is Determine Budget. You may ask,…

What is the difference between Cost Estimates and Budget?

https://youtu.be/tS6tkapqq1w Cost Estimates and Determine Budget are two different processes of the Cost Management knowledge area. A question that should…