Spring 2023 PM.340.WC2/PM.340.HSF2 Introduction to Project Management


Understand the concept of Earned Value. When this analysis is done and why
o For Variance values (CV/SV):
? POSITIVE numbers are Good 
? Example: a CV of +$,3000 is under budget.
o For Index values (CPI, SVI):
? values GREATER than ONE are GOOD
? FRACTIONAL values are BAD.
? Example: SPI of .75 is behind schedule.
Critical Path Method (CPM) (Week 5)
Key Concepts:


Forward/backward pass
Critical Path
Slack, float. What do you understand by the above concepts among others

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