PCMEVM-Earned Value Management EVM Performance Measurement Essentials 01
A course by
Description
Introduction
Earned Value Management (EVM) is a powerful project performance measurement technique that integrates cost, schedule, and scope. This beginner-level course introduces the fundamentals of EVM, including key concepts, metrics, and calculations to help participants understand project progress and performance. Designed for professionals new to EVM, this course provides a step-by-step approach to implementing and interpreting EVM data.
Date
Day | Time | Price | Country |
|---|---|---|---|
Mon – Wed | 8:00 – 10:00 | $5/hrs | Turkey |
Tue – Thu | 18:00 – 19:00 | $5/hrs | Turkey |
Wed – Fri | 20:00 – 21:00 | $5/hrs | Turkey |
Sat – Sun | 18:00 – 19:00 20:00 – 21:00 | $8/hrs | Turkey |
This Training Course Will Highlight
- The fundamentals of Earned Value Management (EVM).
- Key EVM metrics such as Planned Value (PV), Earned Value (EV), and Actual Cost (AC).
- Basic EVM formulas for performance measurement and forecasting.
- Common challenges in EVM implementation and how to overcome them.
- The role of EVM in project cost and schedule control.
Objectives
By the end of this course, participants will be able to:
- Understand the purpose and benefits of EVM in project management.
- Calculate basic EVM metrics and interpret performance indicators.
- Identify cost and schedule variances and their implications.
- Implement EVM tracking techniques in small to mid-scale projects.
- Improve project reporting and stakeholder communication using EVM.
Training Methodology
- Instructor-led training with practical demonstrations.
- Hands-on exercises for EVM calculations.
- Group discussions on project performance tracking.
- Case study on EVM implementation in a mid-scale project.
- Step-by-step walkthrough of EVM reports and dashboards.
- Interactive problem-solving sessions for EVM performance analysis.
Organizational Impact
- Improved cost and schedule performance tracking.
- Enhanced decision-making with accurate project data.
- Increased accountability and transparency in project execution.
- Reduction in budget overruns and schedule delays.
- Strengthened project governance through structured performance measurement.
Personal Impact
- Strong foundation in EVM principles and applications.
- Practical knowledge of EVM formulas and performance indicators.
- Improved analytical skills for project cost and schedule tracking.
- Increased confidence in reporting project progress to stakeholders.
- Career advancement opportunities in project controls and management.
Who Should Attend?
- Entry-level project managers.
- Cost and schedule analysts.
- Project coordinators and planners.
- Engineers and site supervisors.
- Business analysts involved in project execution.
- Procurement and contract professionals.
- Professionals transitioning into project performance management.
Course Outline
Day 1
Introduction to Earned Value Management (EVM)- Understanding the role of EVM in project performance measurement.
- Key principles and components of EVM.
- Integrating EVM with cost, schedule, and scope management.
- Benefits and limitations of EVM in different industries.
- Common misconceptions about EVM implementation.
Day 2
Understanding EVM Metrics and Formulas- Definitions of Planned Value (PV), Earned Value (EV), and Actual Cost (AC).
- Calculating Cost Variance (CV) and Schedule Variance (SV).
- Understanding Cost Performance Index (CPI) and Schedule Performance Index (SPI).
- Forecasting project completion using Estimate at Completion (EAC).
- Practical exercises on EVM metric calculations.
Day 3
Implementing EVM in Project Tracking- Setting up an EVM system for small to mid-scale projects.
- Establishing project baselines for cost and schedule control.
- Collecting and analyzing project performance data.
- Identifying early warning signs of project overruns.
- Using EVM charts and reports for performance visualization.
Day 4
EVM-Based Decision Making and Reporting- Interpreting EVM results for project adjustments.
- Reporting EVM performance to stakeholders.
- Communicating cost and schedule trends effectively.
- Using EVM dashboards for real-time project insights.
- Common challenges and solutions in EVM-based reporting.
Day 5
Best Practices and Lessons Learned- Industry best practices for EVM implementation.
- Avoiding pitfalls in EVM data collection and interpretation.
- Aligning EVM with project management methodologies.
Cancellation policy
no refund is accepted
Certificate
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