PCMEVM-Earned Value Management EVM Performance Measurement Essentials 02
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Description
Introduction
This intermediate course is designed for professionals who want to enhance their knowledge of Earned Value Management (EVM) and apply it to complex projects. The course covers advanced EVM calculations, integration with risk management, and forecasting techniques to improve decision-making and project performance analysis.
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
- Advanced EVM metrics and their significance in project control.
- Integration of EVM with project risk management.
- Forecasting techniques for cost and schedule performance.
- EVM data interpretation for executive decision-making.
- Case studies on EVM application in large-scale projects.
Objectives
By the end of this course, participants will be able to:
- Apply advanced EVM calculations for precise project tracking.
- Integrate risk management with EVM for proactive decision-making.
- Use EVM forecasting models for estimating project completion.
- Interpret complex EVM reports and present findings to executives.
- Improve organizational project performance through structured EVM use.
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
Advanced EVM Concepts and Applications- Integrating EVM with project management methodologies.
- Developing EVM performance baselines.
- EVM implementation challenges in large-scale projects.
- Establishing an EVM governance framework.
Day 2
Advanced EVM Metrics and Forecasting- Variance at Completion (VAC) and Estimate to Complete (ETC).
- Forecasting project trends using EVM models.
- Earned Schedule (ES) for schedule risk analysis.
- Adjusting project performance using trend analysis.
- Monte Carlo simulation in EVM forecasting.
Day 3
Integrating EVM with Risk Management- Identifying cost and schedule risks using EVM data.
- Risk-adjusted EVM performance tracking.
- Probabilistic risk analysis in EVM forecasting.
- Using EVM for contract and procurement risk mitigation.
Day 4
Using EVM for Executive Decision Support- Advanced EVM reporting for project leadership.
- Financial implications of EVM performance data.
- Communicating EVM results to stakeholders.
- Aligning EVM with business strategy and financial controls.
- Interactive discussion on EVM-based executive decision-making.
Day 5
EVM Best Practices and Industry Trends- Global best practices for EVM implementation.
- The role of AI and data analytics in modern EVM.
- Real-time tracking tools for EVM performance monitoring.
- Scaling EVM for multi-project environments.
Cancellation policy
no refund is accepted
Certificate
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