Earned Value Management (EVM)

Discover

YOUR PATHWAY TO SUCCESS

This 5-day course provides a comprehensive understanding of Earned Value Management (EVM), a powerful project management technique for measuring project performance and forecasting future outcomes.

Explore Scholarships Now

Complete the form below to unlock access to a world of scholarship opportunities tailored to your needs and aspirations

Name

Number

City and Fee

Courses

Course Duration

5 Days

Enroll By

Every Week

Course Type

Online/ London

Course Details

This 5-day course provides a comprehensive understanding of Earned Value Management (EVM), a powerful project management technique for measuring project performance and forecasting future outcomes. Participants will learn how to calculate key EVM metrics, analyze project performance, and use EVM data to make informed decisions. The course emphasizes practical application through hands-on exercises, real-world case studies, and the use of project management software.

Participants will gain proficiency in using EVM to track project progress, manage costs, and control schedules. They will also learn how to identify potential problems early and take corrective actions to keep projects on track.

Project managers responsible for tracking project performance.
Project controllers and analysts.
Anyone seeking to improve their project management skills using EVM.

This course is designed for:

New and aspiring office administrators looking to develop foundational skills.
Receptionists and administrative assistants who want to improve their efficiency.
Secretaries and personal assistants seeking structured office management skills.
Professionals looking to transition into administrative roles or enhance their capabilities.

SIMILAR COURSES

Course Outline

5 days Course

Introduction to Earned Value Management:
- Project Performance Measurement: The importance of measuring project performance.
- Introduction to EVM: Overview of EVM principles and its benefits.
- Key EVM Metrics: Defining Earned Value (EV), Planned Value (PV), and Actual Cost (AC).
- Case Study: Applying EVM to a simple project scenario. Interactive exercise: Calculating basic EVM metrics.

Cost & Schedule Variance Analysis:
- Cost Variance (CV): Calculating and interpreting cost variance.
- Schedule Variance (SV): Calculating and interpreting schedule variance.
- Variance Analysis: Analyzing cost and schedule variances to identify potential problems.
- Case Study: Analyzing cost and schedule variances in a project and identifying root causes. Interactive exercise: Calculating and interpreting CV and SV.

- Performance Indices & Forecasting:
  - Cost Performance Index (CPI): Calculating and interpreting CPI.
  - Schedule Performance Index (SPI): Calculating and interpreting SPI.
  - Forecasting Project Outcomes: Using CPI and SPI to forecast project completion cost and date.
  - Case Study: Forecasting project completion cost and date using EVM data. Interactive exercise: Calculating CPI and SPI and forecasting project outcomes.

- Earned Value Management in Practice:
  - Integrating EVM with Project Management Software: Using project management software to track EVM metrics and generate reports.
  - Reporting EVM Data: Communicating EVM data to stakeholders.
  - Earned Schedule: An introduction to Earned Schedule.
  - Case Study: Using project management software to track EVM metrics and generate reports. Interactive exercise: Using project management software to calculate and track EVM metrics.

- Advanced EVM Concepts & Implementation:
  - To-Complete Performance Index (TCPI): Calculating and interpreting TCPI.
  - Budget at Completion (BAC): Understanding and using BAC in EVM.
  - Implementing EVM in Organizations: Best practices for implementing EVM in organizations.
  - Case Study: Implementing EVM in a large project. Interactive exercise: Calculating TCPI and understanding its implications.

Earned Value Management (EVM)

Discover