Earned Value Management (EVM) Training Program


Earned Value Management (EVM)
is a project performance management methodology that integrates
cost, schedule, technical scope, and risk to assess progress against a baseline, use that information to
identify problems, and forecast cost (and, to a certain extent, schedule) at completion.

Earned Value Management relies on maintaining a time-phased budget baseline (in hours, JDS, or other
measurable units). This time-phased budget is known as Planned Value (PV), or Budgeted Cost for Work
Scheduled (BCWS). EVM requires quantifying the “value” of progress over time using the same unit of
measure that was used to plan the budget.

Earned Value Management is a widely adopted management practice among various organizations to
accurately determine projects’ progress and performance. It helps to control the project processes by
planning, cost collection, and performance measurement. Attending our Earned Value™ Management
courses allows you to gain both basic and advanced level knowledge of Earned Value™ Management
concepts, benefits, principles, and processes. Our highly experienced instructors will guide and prepare
you for passing the Earned Value™ Management exam in the very 1st attempt.
Our subject matter experts have plentiful industry knowledge, who knows how to make their topics
engaging to create a memorable and valuable learning environment.

Course Objectives:
– How to use the Earned Value Management.
– Progressively build your skills using a three-step process
– Calculations, Value Interpretation, and Graph Interpretation
– How to interpret every EVM value
– Defining the 12 EVM variables
– Confidently solve any EVM problem on the PMP exam

Course Outline:
Introduction to EVMS Concepts
• Evolution of EVMS
• Benefits of EVMS Implementation
• Earned Value Determination
• Cost & Schedule Variance Calculations With Earned Value

Organization Concepts
• Functional Organizations
• Work Breakdown Structures
• SOW & WBS Dictionary Development
• Case Study in WBS/OBS development
• Responsibility Assignments
• Control Account Determination
• Responsibility Assignment Matrices Development
• Case Study to Develop RAM from Information Introduced
• Work Team Structures

Planning and Budgeting:
– Planning and Budgeting
– Performance Measurement Baseline Development
– Scheduling Techniques
– Budget Elements and Their Relationships
– Earned Value Techniques
– Rolling Wave Planning and Planning Packages
– Analysis
– Schedule Variance
– Cost Variance
– Labor and Material/Subcontract Variance Elements
– Variance Analysis Report Content
– Variance at Complete
– Variance At Complete Calculations
– Case Study to Validate Variance Analysis Report Content
– Statistical Analysis Techniques to Evaluation Variance Analysis Reports
– Estimate At Complete Development Process
– Introduction of SPI, CPI and TCPI
– Case Study to Develop SVAR, CVAR, CPI, SPI, TCPI and IEACs
– How Statistical Analyses Validates EACs
– Advanced Statistical Analysis Techniques

Who Should Attend?
The course is valuable to:

 – Project Managers
 – Project Planners
 – Project Controllers
 – Cost Engineers
 – Project Schedulers
 – Engineers from all disciplines
 – Architects
 – Project Accountants
 – PMO Managers

Duration of the course:
4 days from 9am -3pm