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Daniel Trabucchi
and
Tommaso Buganza
Project Management is a fundamental theme to understand and work in any business environments. Once projects are properly planned, the job of a Project Manager is just started. Indeed, PMs need to properly control, re plan, and manage risks during the execution of the project. During the course, the Earned Value Management System – the standard and most diffused technique to properly manage time and cost in a project – is presented. In doing so, the concepts of BCWS (the time-phased budget), the BCWP (the earned value) and ACWP (the actual costs of what has been performed) are introduced along with the main indicators that help managers in taking decision on how to replan the projects according to the estimation at completion. Finally, the main approaches to identify and manage risks are introduced along with the closing phase.
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What's inside
Syllabus
Controlling and Closing a Project
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Covers earned value management, a project management technique widespread in the industry
Taught by instructors with industry experience
Provides a solid understanding of project management's execution phase, including controlling, replanning, and risk management
Utilizes a mix of videos, readings, and discussions to enhance learning
Notably, it relies on older software versions, which may limit its relevance in the current industry landscape
Assumes prior knowledge of project management fundamentals, so may not be suitable for complete beginners
Save this course
Save Project Management: Control using the Earned Value and Risk to your list so you can find it easily later:
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Project Management: Control using the Earned Value and Risk with these
activities:
Refresh knowledge of Earned Value Management
Show steps
Earned Value Management is a key topic in this course. Review the concepts before starting the course.
Browse courses on
Earned Value Management
Show steps
-
Read an article or blog post about Earned Value Management.
-
Review your notes or lecture materials from a previous course on project management.
-
Take a practice quiz or test on Earned Value Management.
Follow a tutorial on project management
Show steps
Start by reviewing the basics of project management to solidify your foundation.
Browse courses on
Project Management
Show steps
-
Identify a tutorial that covers the fundamentals of project management
-
Follow the tutorial step-by-step and take notes on the key concepts
Discuss Earned Value Management with a peer
Show steps
Discussing Earned Value Management with a peer can help you reinforce your understanding of the concepts.
Show steps
-
Find a peer who is also taking or has taken this course.
-
Schedule a time to meet with your peer.
-
Discuss the concepts of Earned Value Management and how they apply to project management.
Eight other activities
Expand to see all activities and additional details
Show all 11 activities
Develop a project charter
Show steps
Craft a project charter to define the purpose, scope, and objectives of your project.
Browse courses on
Project Charter
Show steps
-
Gather project requirements and define the project scope
-
Identify stakeholders and their involvement in the project
-
Develop a project timeline and budget
-
Write and finalize the project charter
Participate in a project management study group
Show steps
Engage in discussions and collaborate with peers to exchange ideas and deepen your understanding.
Browse courses on
Project Management
Show steps
-
Find or create a study group with other students in the course
-
Set regular meeting times and establish a study schedule
-
Discuss course materials, case studies, and real-world examples
-
Work together on project assignments and provide feedback to each other
Practice Earned Value Management calculations
Show steps
Earned Value Management calculations are an important skill in project management. Practice these calculations to improve your understanding.
Show steps
-
Find a set of practice problems or exercises on Earned Value Management.
-
Solve the problems or exercises using the Earned Value Management formulas.
-
Check your answers against the provided solutions.
Practice using project management tools
Show steps
Develop proficiency in using project management tools to enhance your practical skills.
Browse courses on
Asana
Show steps
-
Choose a project management tool and familiarize yourself with its features
-
Create a project plan and track its progress using the tool
-
Collaborate with others on a project using the tool
Volunteer on a project related to your field
Show steps
Gain valuable hands-on experience and apply your skills in a real-world setting.
Browse courses on
Project Management
Show steps
-
Identify organizations or projects that align with your interests and skills
-
Contact the organization and inquire about volunteer opportunities
-
Attend training or orientation to familiarize yourself with the project
-
Participate in project activities, meetings, and tasks
-
Reflect on your experience and identify areas for improvement
Develop a Project Plan with Earned Value Management
Show steps
Creating a Project Plan is a valuable way to bring together the concepts of this course.
Show steps
-
Identify the project scope and objectives.
-
Develop a work breakdown structure.
-
Estimate the costs and schedule for each task.
-
Calculate the Earned Value, Actual Cost, and Budgeted Cost at Completion for each task.
-
Create a project plan that includes the Earned Value Management calculations.
Create a presentation on project management
Show steps
Reinforce your understanding by creating a presentation that summarizes the key concepts of project management.
Browse courses on
Project Management
Show steps
-
Outline the main topics and subtopics to be covered in the presentation
-
Gather information and prepare content for each slide
-
Design the slides using clear and concise visuals
-
Practice delivering the presentation and gather feedback
Contribute to an open-source project related to project management
Show steps
Get involved in the project management community by contributing to open-source tools and resources.
Browse courses on
Project Management
Show steps
-
Identify open-source projects related to project management that interest you
-
Review the project documentation and familiarize yourself with the codebase
-
Identify areas where you can contribute, such as bug fixes or feature enhancements
-
Submit pull requests with your contributions and provide clear descriptions of your changes
-
Engage with the project community and seek feedback on your contributions
Refresh knowledge of Earned Value Management
Show steps
Earned Value Management is a key topic in this course. Review the concepts before starting the course.
Browse courses on
Earned Value Management
Show steps
Show steps
Show steps
- Read an article or blog post about Earned Value Management.
- Review your notes or lecture materials from a previous course on project management.
- Take a practice quiz or test on Earned Value Management.
Follow a tutorial on project management
Show steps
Start by reviewing the basics of project management to solidify your foundation.
Browse courses on
Project Management
Show steps
Show steps
Show steps
- Identify a tutorial that covers the fundamentals of project management
- Follow the tutorial step-by-step and take notes on the key concepts
Discuss Earned Value Management with a peer
Show steps
Discussing Earned Value Management with a peer can help you reinforce your understanding of the concepts.
Show steps
Show steps
Show steps
- Find a peer who is also taking or has taken this course.
- Schedule a time to meet with your peer.
- Discuss the concepts of Earned Value Management and how they apply to project management.
Eight other activities
Expand to see all activities and additional details
Show all 11 activities
Develop a project charter
Show steps
Craft a project charter to define the purpose, scope, and objectives of your project.
Browse courses on
Project Charter
Show steps
Show steps
Show steps
- Gather project requirements and define the project scope
- Identify stakeholders and their involvement in the project
- Develop a project timeline and budget
- Write and finalize the project charter
Participate in a project management study group
Show steps
Engage in discussions and collaborate with peers to exchange ideas and deepen your understanding.
Browse courses on
Project Management
Show steps
Show steps
Show steps
- Find or create a study group with other students in the course
- Set regular meeting times and establish a study schedule
- Discuss course materials, case studies, and real-world examples
- Work together on project assignments and provide feedback to each other
Practice Earned Value Management calculations
Show steps
Earned Value Management calculations are an important skill in project management. Practice these calculations to improve your understanding.
Show steps
Show steps
Show steps
- Find a set of practice problems or exercises on Earned Value Management.
- Solve the problems or exercises using the Earned Value Management formulas.
- Check your answers against the provided solutions.
Practice using project management tools
Show steps
Develop proficiency in using project management tools to enhance your practical skills.
Browse courses on
Asana
Show steps
Show steps
Show steps
- Choose a project management tool and familiarize yourself with its features
- Create a project plan and track its progress using the tool
- Collaborate with others on a project using the tool
Volunteer on a project related to your field
Show steps
Gain valuable hands-on experience and apply your skills in a real-world setting.
Browse courses on
Project Management
Show steps
Show steps
Show steps
- Identify organizations or projects that align with your interests and skills
- Contact the organization and inquire about volunteer opportunities
- Attend training or orientation to familiarize yourself with the project
- Participate in project activities, meetings, and tasks
- Reflect on your experience and identify areas for improvement
Develop a Project Plan with Earned Value Management
Show steps
Creating a Project Plan is a valuable way to bring together the concepts of this course.
Show steps
Show steps
Show steps
- Identify the project scope and objectives.
- Develop a work breakdown structure.
- Estimate the costs and schedule for each task.
- Calculate the Earned Value, Actual Cost, and Budgeted Cost at Completion for each task.
- Create a project plan that includes the Earned Value Management calculations.
Create a presentation on project management
Show steps
Reinforce your understanding by creating a presentation that summarizes the key concepts of project management.
Browse courses on
Project Management
Show steps
Show steps
Show steps
- Outline the main topics and subtopics to be covered in the presentation
- Gather information and prepare content for each slide
- Design the slides using clear and concise visuals
- Practice delivering the presentation and gather feedback
Contribute to an open-source project related to project management
Show steps
Get involved in the project management community by contributing to open-source tools and resources.
Browse courses on
Project Management
Show steps
Show steps
Show steps
- Identify open-source projects related to project management that interest you
- Review the project documentation and familiarize yourself with the codebase
- Identify areas where you can contribute, such as bug fixes or feature enhancements
- Submit pull requests with your contributions and provide clear descriptions of your changes
- Engage with the project community and seek feedback on your contributions
Career center
Learners who complete Project Management: Control using the Earned Value and Risk will develop knowledge and skills
that may be useful to these careers:
Project Manager
Project Manager
Project Management: Control using the Earned Value and Risk teaches the fundamentals of managing time and cost in a project. This knowledge is essential for Project Managers who need to properly control, replan, and manage risks during the execution of projects. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This course can help Project Managers build a strong foundation in project management and develop the skills needed to be successful in the field.
Program Manager
Program Manager
Project Management: Control using the Earned Value and Risk can be useful for Program Managers who want to learn more about project management and risk management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Program Managers develop the skills needed to be successful in the field.
Risk Manager
Risk Manager
Risk Managers may find Project Management: Control using the Earned Value and Risk to be useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Risk Managers develop the skills needed to be successful in the field.
Quality Manager
Quality Manager
Quality Managers may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Quality Managers develop the skills needed to be successful in the field.
Consultant
Consultant
Consultants may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Consultants develop the skills needed to be successful in the field.
Product Manager
Product Manager
Product Managers may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Product Managers develop the skills needed to be successful in the field.
Business Analyst
Business Analyst
Business Analysts may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Business Analysts develop the skills needed to be successful in the field.
Financial Analyst
Financial Analyst
Financial Analysts may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Financial Analysts develop the skills needed to be successful in the field.
Sales Manager
Sales Manager
Sales Managers may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Sales Managers develop the skills needed to be successful in the field.
Data Analyst
Data Analyst
Data Analysts may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Data Analysts develop the skills needed to be successful in the field.
Marketing Manager
Marketing Manager
Marketing Managers may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Marketing Managers develop the skills needed to be successful in the field.
Operations Manager
Operations Manager
Operations Managers may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Operations Managers develop the skills needed to be successful in the field.
Account Manager
Account Manager
Account Managers may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Account Managers develop the skills needed to be successful in the field.
Software Engineer
Software Engineer
Software Engineers may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Software Engineers develop the skills needed to be successful in the field.
Web Developer
Web Developer
Web Developers may find Project Management: Control using the Earned Value and Risk to be somewhat useful for developing a better understanding of project management, time management, and cost management. The course covers the Earned Value Management System, a standard technique used to manage time and cost in projects. It also covers the main approaches to identify and manage risks. This knowledge can help Web Developers develop the skills needed to be successful in the field.
For more career information including salaries, visit:
OpenCourser.com/course/fgk7bo/project
Reading list
We've selected 16 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Project Management: Control using the Earned Value and Risk.
Is the standard reference for project management and provides a comprehensive overview of the field. It valuable resource for both beginners and experienced project managers.
Save
Classic in the field of project management and provides a detailed overview of the project management process. It valuable resource for both beginners and experienced project managers.
Comprehensive guide to earned value management. It provides a detailed explanation of the concepts and techniques of EVM and valuable resource for both beginners and experienced project managers.
Practical guide to risk management. It provides a step-by-step process for identifying, assessing, and mitigating risks and valuable resource for both beginners and experienced project managers.
Provides a comprehensive overview of project management in the 21st century. It covers the latest trends and best practices in project management and valuable resource for both beginners and experienced project managers.
Save
Provides a comprehensive overview of agile project management. It covers the most popular agile methodologies, such as Scrum, Kanban, and Lean, and valuable resource for both beginners and experienced project managers.
Provides a practical guide to the Lean Startup methodology. It shows how to build a successful business by testing and validating ideas quickly and cheaply.
Provides a framework for understanding why large companies often fail to innovate. It shows how new technologies can disrupt established markets and how companies can avoid this fate.
Provides a framework for marketing and selling technology products to mainstream customers. It shows how companies can cross the chasm between early adopters and mainstream customers.
Save
Provides a framework for creating good strategy. It shows how to develop a clear, concise, and actionable strategy that can help you achieve your goals.
Provides a behind-the-scenes look at the challenges of building a successful business. It valuable resource for any entrepreneur or business leader.
Provides a unique perspective on how to build a successful startup. It challenges the conventional wisdom about startups and offers a new way of thinking about business.
Save
Provides a fascinating look at the science of habits. It shows how habits can shape our lives and how we can change our habits for the better.
Save
Provides a new understanding of what motivates us. It shows how we can find more meaning and satisfaction in our work and our lives.
Provides a fun and inspiring look at the pursuit of happiness. It shows how we can make small changes in our lives to increase our happiness and well-being.
Provides a timeless guide to personal and professional success. It shows how we can develop the habits that will help us achieve our goals and live a more fulfilling life.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/fgk7bo/project
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Effort
1 week // 5 hours
Level
Introductory
Via
Coursera
Institution
Politecnico di Milano
Instructors
Daniel Trabucchi
Tommaso Buganza
Language
English
Transcripts
Español
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This course belongs to a
collection
called
Project Management: Tools, Approaches, Behavioural Skills . It's comprised of three courses:
- Project Management: Control using the Earned Value and Risk (viewing)
- Project Management: Beyond planning and control
- Project Management: Life cycle and project planning
Good to know
Covers earned value management, a project management technique widespread in the industry
Taught by instructors with industry experience
Provides a solid understanding of project management's execution phase, including controlling, replanning, and risk management
Utilizes a mix of videos, readings, and discussions to enhance learning
Notably, it relies on older software versions, which may limit its relevance in the current industry landscape
Assumes prior knowledge of project management fundamentals, so may not be suitable for complete beginners
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