Module 5: RAM, Risk Management, EVM

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Cost Variance (CV) Describes the difference between the cost ofwork you have incurred and the value of thework you have achieved Earned Value minus Actual Cost CV = BCWP - ACWP A Negative number is over budget A Positive number is under budget22 nd Annual NARPM Training Program22 nd Annual NARPM Training Program29
COST (Dollars)$600K$500K$400KCost VariancePLANNED VALUEEARNED VALUEACTUAL COSTCOSTVARIANCE$300K$200K$100K1 2 3 4 5 6 7 8 9TIME (Months)22 nd Annual NARPM Training Program22 nd Annual NARPM Training Program30
Page 2: Topics To Be Covered Responsibility
Page 5 and 6: Project Risk ManagementWhile Projec
Page 7 and 8: Risk Management PlanningDecide how
Page 9 and 10: Risk Identification - RBSALL SOURCE
Page 12 and 13: Impact543Project Risk ManagementRis
Page 14 and 15: Project Risk ManagementRisk Respons
Page 16 and 17: Earned Value Management Methodology
Page 18 and 19: Performance MeasurementMeasure proj
Page 20 and 21: Planned Value Developed from the ba
Page 22 and 23: Earned Value A snapshot of the work
Page 24 and 25: COST (Dollars)$600KEarned Value$500
Page 26 and 27: COST (Dollars)$600KActual Cost$500K
Page 28 and 29: Schedule Variance (SV) Describes th
Page 32 and 33: Variance At Completion (VAC) Descri

Module 5: RAM, Risk Management, EVM

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