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Earned Value™ Management Foundation & Practitioner Overview
Earned Value™ Management Foundation and Practitioner Course Outline
Module 1: Introduction to Earned Value Management
- What is Earned Value Management (EVM)?
- Why Use EVM?
- What Does EVM Require?
- Key Data Elements
- Reporting Graphs
Module 2: EVM Process
- Definition of Scope
- Requirements and Key Deliverables
- Work Breakdown Structure (WBS)
- WBS Dictionary
- Organisational Breakdown Structure (OBS)
- Responsibility Assignment Matrix (RAM)
- Subcontract Management
- Planning
- Foundations of Planning
- Attributes of Work Packages
- Schedule
- Hierarchy of Schedules
- Setting a Budget
- Objective Measures of Progress
- Earned Value Techniques
- Baselining the Project
- Data Collection
- Measuring Costs and Committed Costs
- Analysis Review and Action
- Schedule Status
- Calculating and Reporting Earned Value
- Reporting Graphs
- Variance Thresholds
- Performance Trend Charts
- Estimates at Completion
- Simple Tests of Reasonableness
- TCPI
- Checking Forecast Costs and Dates
- Change Management
- Maintaining Integrity
- When to Make Changes
- Risk Management
- Benefits of Risk Management
- Integrating Risk Management with EVM
Module 3: EVM System Review
- Benefits of a System Review
- Categories of System Review
- EVM Reviews
Module 4: Overview of Earned Value Management
- What is Earned Value Management (EVM)?
- Four Key Data Elements
- Designing an Earned Value Management System
- Factors to Take into Account
- Evaluating the Project Controls Environment
- Defining the Target Level of Implementation
- Defining an Appropriate Change Plan
- Communications Strategy and Infrastructure
Module 5: Definition
- Foundations of Definition
- Statement of Work
- Communicating the WBS
- Control Account Managers
- Managing a Control Account
- Responsibility Assignment Matrix
- Integration of Sub-Contract Management
- Flow-Down to Sub-Contractors
- Flow-Down of Scope to Control Accounts
- Risk, Uncertainty, Complexity, and Novelty
- Define Clear Deliverables
- Develop a WBS
Module 6: Planning
- Foundations of Planning
- Performance Management Baseline
- Principles of Risk Planning
- Earned Value Techniques
- Validity and Effectiveness
Module 7: Data Collection
- Foundations of Data Collection
- Using Estimated Actuals
- Data Collection Requirements
- Verify, Validate, and Reconcile Data Integrity
Module 8: Analysis, Review, and Action
- Foundations of Analysis, Review, and Action
- Reporting Graphs
- Estimates at Completion
- Simple Tests of Reasonableness
- Earned Value Variances and Indices
- Earned Value Reports
- Defining Appropriate Variance Thresholds
- Independent Estimate at Completion (IEAC)
- Identifying Likely Causes
- Selecting Appropriate Courses of Action
Module 9: Change Management
- Maintaining Integrity
- Types of Baseline Change
- Use of Management Reserve
- Impact of Changing Baselines
- Change Process
Module 10: Risk Management
- Foundations of Risk Management
- Setting the PMB
- Establishing Management Reserve
- Predicting Project Performance
- Project Changes
- Effectiveness
Module 11: System Review
- Foundations of Systems Review
- Benefits of a System Review
- IBR Process
- IBR Issues and Effectiveness
- Demonstration Review Process
- Demonstration Review Issues and Effectiveness
- Surveillance Review Process
- Surveillance Review Issues and Effectiveness
- Effectiveness of System Review Regime
Module 12: Learning from Experience
- Sources of Learning from Experience
- Conducting LFE Review
- Handover of Project Deliverables
- Metrics
- Reviewing, Classifying, and Prioritising LFE
- Possible Recommendations
- Planning Communications
- Selecting and Matching Experience
- Project Closedown Process
- Effectiveness of Learning from Experience
Who should attend this Earned Value™ Management Foundation & Practitioner Course?
This Earned Value™ Management Foundation & Practitioner Training Course in the United States provides foundational and advanced knowledge in the methodology used to measure and communicate the real physical progress of a project considering the work completed, the time taken, and the costs involved. The following professionals can benefit from attending this course:
- Project Managers
- Project Control Managers
- Finance Professionals
- Project Management Office (PMO) Professionals
- Portfolio Managers
- EVM Analysts
- Programme Managers
Prerequisites of the Earned Value™ Management Foundation & Practitioner Course
There are no formal prerequisites for attending this 4-day Earned Value™ Management Foundation & Practitioner Training Course. However, delegates must pass the Foundation examination before completing the Practitioner section of the course.
Earned Value™ Management Foundation and Practitioner Course Overview
Earned Value™ Management (EVM) in the United States is a general objective method of measuring the project performance and progress. It gets its relevance in just about any industry because it is a method that combines the dimensions of Project Management: scope, schedule, and cost. This is, therefore, very instrumental in seeing to it that projects are completed within the stipulated periods and within the appropriate budget, hence a very indispensable tool for any project managers across different sectors.
Whether it's Project Managers, Program Managers, or Financial Analysts—everyone, at the very least, with EVM in their head, wants to make the most of Project Execution and financial performance. These professionals are supposed to pursue projects and, in the process, be able to forecast the result that is likely to be derived from such projects easily. Mastery of this subject in the United States ensures that strategic initiatives are effectively executed, enhancing organisational success.
The Knowledge Academy’s 4-day training course in the United States on Earned Value™ Management Foundation and Practitioner is designed to equip delegates with the foundational understanding and practical skills needed to implement EVM within their projects. Through this intensive session, delegates will learn the essential principles of EVM, engage in real-world case studies, and apply best practices to maximise project performance and outcomes.
Course Objectives
- To Introduce the Fundamentals Of Earned Value Management and Its Importance in Project Management
- To explain the process of integrating scope, time, and cost management to measure project performance
- To equip delegates with the skills to analyse project performance and make informed decisions
- To demonstrate how to implement EVM processes in real-world projects effectively.
- To prepare delegates for the Earned Value Management Certification
- To enhance problem-solving and analytical skills related to project cost management and forecasting
Upon completion of this course in the United States, delegates will have a powerful understanding of Earned Value Management and its application in projects. Such skills and knowledge place them at a great position to significantly improve project outcomes through ensuring delivery as per scope, within time, and within budget.
What’s included in this Earned Value™ Management Foundation & Practitioner Course?
- Earned Value™ Management Foundation Exam
- Earned Value™ Management Practitioner Exam
- Earned Value™ Management Foundation & Practitioner Certificate
- World-class training sessions from Experienced Instructors
- Digital Delegate Pack
Earned Value™ Management Foundation Exam Information
The Earned Value™ Management Foundation Exam evaluates comprehension of Earned Value Management (EVM), a project management technique that measures performance by integrating scope, cost, and schedule. The Earned Value™ Management Foundation exam format is:
- Question Type: Multiple Choice
- Total Questions: 40
- Total Marks: 40 Marks
- Pass Mark: 65%, or 26/40 Marks
- Duration: 60 Minutes
- Open Book/Closed Book: Closed Book
- Note: Use of a simple calculator is permitted
Earned Value™ Management Practitioner Exam Information
The Earned Value™ Management Practitioner Exam evaluates proficiency in applying EVM principles and techniques for project performance control. The Earned Value™ Management Practitioner exam format is:
- Question Type: Objective Testing
- Total Questions: 4 (each question is worth 20 marks)
- Total Marks: 80 Marks
- Pass Mark: 50%, or 40/80 Marks
- Duration: 3 Hours
- Open Book/Closed Book: Open Book
- Note: Use of a simple calculator is permitted
Why choose us
Ways to take this course
Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Earned Value™ Management Foundation & Practitioner. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.
Unlock your potential with The Knowledge Academy's Earned Value™ Management Foundation & Practitioner, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.
What our customers are saying
Easy to communicate with. Great presenter - good material shared
Kristian Roebuck
Trainer was very helpful and openly discussed issues I had with aspects of the course
Hugh Connell
Earned Value™ Management Foundation & Practitioner FAQs
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The training fees for certification in the United States starts from $6995
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Trusted & Approved
Our Earned Value Management courses are fully accredited by APMG.
Many delivery methods
Flexible delivery methods are available depending on your learning style.
High quality resources
Resources are included for a comprehensive learning experience.
"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"
Joshua Davies, Thames Water
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Earned Value™ Management Foundation & Practitioner in United States
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