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.
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Learn how to control projects, adjusting the plan during the project and managing risks.
| Provided By | Politecnico di Milano
 |
| Type of provider | HE Institution |
| Provided at | https://www.pok.polimi.it/ |
| Learning opportunity type | MOOC |
| Language | en |
| Home page | https://www.pok.polimi.it/courses?search_query=PM103 |
| Start date | 2022-01-06 |
| End date | 2022-05-15 |
| Duration | 5 |
| Workload in hours | 5 |
| Admission procedure | Open to all |
| Price details | You can access the course absolutely free of charge. |
| Assessments | To successfully complete this course, and henceforth receive the certificate of accomplishment, it is necessary to pass the quiz with 60%. |
| Type of credential | Certificate of participation |
| ISCEDF Code | 0410 - Business and administration not further defined |
| Education subject | 0410 Business and administration not further defined |
| Learning settings | non formal learning |
| Learning outcome | Control and replan – LO – Remember Remember the main typologies of risk approaches in project management. |
| Learning outcome type | Skill |
| Reusability level | Cross-sector skills and competences |
| Related skill | http://data.europa.eu/esco/skill/1dd23dba-dd00-45ab-abf4-642902538317 |
| Learning outcome | Control and replan – LO – Understand the definition Understand the definition of risk in a project. |
| Learning outcome type | Skill |
| Reusability level | Cross-sector skills and competences |
| Related skill | http://data.europa.eu/esco/skill/1dd23dba-dd00-45ab-abf4-642902538317 |
| Learning outcome | Control and replan – LO – Understand the main Understand the main indicators to control a project in a business context. |
| Learning outcome type | Skill |
| Reusability level | Cross-sector skills and competences |
| Related skill | http://data.europa.eu/esco/skill/237db40b-4600-47c0-837f-4a2c4f3014ab |
| Learning outcome | Control and replan – LO – Use Use the right tools to control a project when managing it. |
| Learning outcome type | Knowledge |
| Reusability level | Sector specific skills and competences |
| Related skill | http://data.europa.eu/esco/skill/7111b95d-0ce3-441a-9d92-4c75d05c4388 |
| Assessor type | artificial intelligence |
| Assessment format | automatic grading |
| Awarding opportunity | The 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. |
