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Earned Value

Management (EVM)

Course

Program Duration: 2 Days
Cost: Available on request
Program Material: Course Presentation Slides Electronically and Printed, EVM Calculator
PMI® Contact Hours/ Professional Development Units (PDU’s): 14
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Course Overview:

We specialize in demonstrating how to use EVM to improve project control, not just to provide internal or external reporting. The central concepts of EVM are relatively simple. However, when organizations first implement the method, it often highlights (sometimes significant) issues or gaps in the project management processes, rather than producing valuable data.

 

Earned value management is a management methodology for integrating scope, schedule, and resources to objectively
measure project performance, progress and forecasting the project outcome.

 

The standard uses the term 'project scope' to mean the work that must be performed to deliver a product, service or result with the specified features and functions. EVM can play a crucial role in answering management questions that are critical to the success of every project such as:

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  • Are we delivering more or less work than planned?

  • When is the project likely to be completed?

  • Are we currently over or under budget?

  • What is the remaining work likely to cost?

  • What Is the entire project likely to cost?

  • How much will we be over or under budget at the end of the project?

  • What is driving the significant cost and/or schedule?

Target Group:

  • Project Administrators

  • Quantity Surveyors

  • Project Engineers

  • Project Managers

  • Project Planners/Schedulers

  • Project Controllers

  • Cost Engineers

  • Project Accountants

  • PMO Managers

Course Content:
Course Objectives:

  • Know precisely whether or not your projects are on the path to success.

  • Become distinguished for their ability to effectively plan, execute, control and lead projects in the right direction.

  • Demonstrate to stakeholders whether or not they are getting value for money they are spending.

  • Build reputation in their company due to their ability to report, interpret and communicate a project’s true progress.

  • Boost their company/s overall competitiveness, Return on Investment (ROI) and chances of winning major
    projects.

Earned Value Management 2nd Edition Guide Knowledge Areas cover:

  • Introduction to EVM

  • Scope Definition

  • WBS Integration

  • Control Account Establishment

  • Scheduling and Earned Value Project

  • Cost Budgeting

  • Establishing the Performance Measurement Baseline

  • EVM Data Collection

  • Actual Costs

  • Progress Measurement

  • Performance Measurement

  • Cost & Schedule Forecasting

  • Variance Analysis

  • Baseline Revisions and Change Control

  • Project Close-Out

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PMI®, PMP®, Project Management Professional (PMP), CAPM, Certified Associate in Project Management (CAPM), PgMP®, Programe Management Professional(PgMP®) PMI-RMP®, PMI-RMP®, PMI Risk Management Professional (PMI-RMP®), PMI-ACP®, PMI Agile Certified Practitioner (PMI-ACP®), PMI-SP®, PMI Scheduling Professional (PMI-SP®), PMBOK® and the PMI Registered Education Provider logo are registered marks of the Project Management Institute, Inc.

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