Control and replan using Earned Value and Risk

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.

 

Learn how to control projects, adjusting the plan during the project and managing risks.

Provided ByPolitecnico di Milano
Type of providerHE Institution
Provided athttps://www.pok.polimi.it/
Learning opportunity typeMOOC
Languageen
Home pagehttps://www.pok.polimi.it/courses?search_query=PM103
Start date2022-01-06
End date2022-05-15
Duration5
Workload in hours5
Admission procedureOpen to all
Price detailsYou can access the course absolutely free of charge.
AssessmentsTo successfully complete this course, and henceforth receive the certificate of accomplishment, it is necessary to pass the quiz with 60%.
Type of credentialCertificate of participation
ISCEDF Code0410 - Business and administration not further defined
Education subject0410 Business and administration not further defined
Learning settingsnon formal learning
Learning outcomeControl and replan – LO – Remember
Remember the main typologies of risk approaches in project management.
Learning outcome typeSkill
Reusability levelCross-sector skills and competences
Related skillhttp://data.europa.eu/esco/skill/1dd23dba-dd00-45ab-abf4-642902538317
Learning outcomeControl and replan – LO – Understand the definition
Understand the definition of risk in a project.
Learning outcome typeSkill
Reusability levelCross-sector skills and competences
Related skillhttp://data.europa.eu/esco/skill/1dd23dba-dd00-45ab-abf4-642902538317
Learning outcomeControl and replan – LO – Understand the main
Understand the main indicators to control a project in a business context.
Learning outcome typeSkill
Reusability levelCross-sector skills and competences
Related skillhttp://data.europa.eu/esco/skill/237db40b-4600-47c0-837f-4a2c4f3014ab
Learning outcomeControl and replan – LO – Use
Use the right tools to control a project when managing it.
Learning outcome typeKnowledge
Reusability levelSector specific skills and competences
Related skillhttp://data.europa.eu/esco/skill/7111b95d-0ce3-441a-9d92-4c75d05c4388
Assessor typeartificial intelligence
Assessment formatautomatic grading
Awarding opportunityThe Certificate of Accomplishment will be released to anyone who successfully completes the course by answering correctly to at least 60% of the questions by the end of the edition. You will be able to download the Certificate of Accomplishment directly on the website. Once you have successfully passed the course, you can request the Certificate of Accomplishment without waiting for the end of the edition. The Certificate of Accomplishment does not confer any academic credit, grade or degree.

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