Konsep Earned Value Management dalam 10 Menit

Summary

This video discusses Earned Value Management (EVM), a vital project management technique that evaluates project performance and progress through key metrics such as Schedule Variance (SV), Cost Variance (CV), and various performance indices. It highlights essential parameters like Planned Value (PV), Actual Cost (AC), and Earned Value (EV), demonstrating how to calculate and interpret these metrics to ensure projects remain on track and within budget. The session also covers forecasting project completion using methods like Estimate at Completion (EAC) and Variance at Completion (VAC), emphasizing the importance of these tools in effective project management.

Takeaways

• 📊 Earned Value Analysis (EVA) is a method for assessing project performance based on cost and schedule.
• 📈 EVA helps determine if a project is on time and within budget or if it's behind schedule or over budget.
• 🔍 Project Managers (PM) evaluate performance using two main aspects: current project performance and future forecasting.
• 📝 Key metrics for EVA include Planned Value (PV), Actual Cost (AC), and Earned Value (EV).
• 📅 Schedule Variance (SV) is calculated by subtracting PV from EV to assess project progress.
• 💰 Cost Variance (CV) is determined by subtracting AC from EV to understand budget performance.
• 📈 Schedule Performance Index (SPI) and Cost Performance Index (CPI) are key indicators of project efficiency.
• 🔮 Future project completion estimates can be calculated using Estimated at Completion (EAC) and Estimated to Complete (ETC).
• 💵 A positive variance indicates sufficient funding, while a negative variance suggests a need for additional budget.
• 📅 Understanding these metrics helps in making informed decisions to steer the project towards successful completion.

Q & A

What is Earned Value Analysis (EVA)?

Earned Value Analysis is a method used to assess project performance based on cost and schedule metrics, allowing project managers to determine if a project is on track and within budget.

What are the two main aspects that project managers assess using EVA?

The two main aspects are project performance evaluation at the current point in time and forecasting the project's completion estimates.

What are the key parameters required for Earned Value Analysis?

The key parameters are Budgeted Completion (BC), Planned Value (PV), Actual Cost (AC), and Earned Value (EV).

How is Planned Value (PV) calculated?

Planned Value is calculated by multiplying the percentage of project progress achieved to date by the total budgeted cost of the project.

What does a positive Schedule Variance (SV) indicate?

A positive Schedule Variance indicates that the project is ahead of schedule, meaning progress is faster than initially planned.

What does the Cost Performance Index (CPI) measure?

The Cost Performance Index measures the cost efficiency of the project by comparing Earned Value to Actual Cost.

What is the significance of a Schedule Performance Index (SPI) greater than one?

An SPI greater than one indicates that the project is performing better than expected in terms of schedule, achieving more progress than planned.

What does a negative Cost Variance (CV) signify?

A negative Cost Variance signifies that the project is over budget, meaning the costs incurred exceed the earned value.

What is the purpose of estimating at completion (EAC)?

Estimating at Completion provides a forecast of the total cost of the project based on current performance, helping project managers understand future budget requirements.

How is the Estimate to Complete (ETC) calculated?

The Estimate to Complete is calculated by subtracting the Actual Cost from the Estimate at Completion, indicating how much additional funding is needed to finish the project.