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Earned Value™ Management Foundation Overview
Earned Value™ Management Foundation 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
- Exercises
- 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
Who should attend this Earned Value™ Management Foundation Course?
This Earned Value™ Management Foundation Training Course in India provides delegates with a basic understanding of the Earned Value Management (EVM) methodology, its principles, and basic practices. This course is beneficial to a variety of professionals, such as:
- Project Managers
- Project Control Professionals
- Cost Engineers
- Quality Assurance Professionals
- Risk Managers
- Business Analysts
- EVM Analysts
Prerequisites of the Earned Value™ Management Foundation Course
There are no formal prerequisites for attending this Earned Value™ Management Foundation Training Course.
Earned Value™ Management Foundation Course Overview
Earned Value Management (EVM) in India is a Project Management approach fully integrated with scope, cost, and schedule parameters of the project, to measure the project performance and progress. Accurate project outcome prediction and successful delivery of the project within the time-bound and budgeted cost lie in the adoption of Earned Value Management.
EVM thus becomes a tool without which any Project Manager, cost estimator, or any professional of the trade can't do. Professionals in the field have to be the masters of EVM techniques, which will make them use informed decisions, foreseeing the possible budget and schedule overruns by taking timely corrective actions toward their strategic goals.
This 2-day training in India developed by Knowledge Academy provides delegates with the necessary knowledge and skills required in Earned Value Management. Delegates in India will leave with the competence to apply Earned Value Management principles in real projects, conceptual learning, and practical exercises that will translate into improved ability to manage effective project performance and deliverables.
Course Objectives
- To introduce the fundamental principles and components of Earned Value Management
- To equip delegates with the knowledge to implement EVM in project planning and execution
- To provide insights into the integration of EVM with other project management methodologies
- To prepare delegates for effectively managing and controlling project scope, schedule, and costs
- To enhance the ability of delegates to forecast project performance and identify potential issues early on
Upon completion of this course in India, the delegates from various project-relevant fields will have equipped themselves with knowledge in Earned Value Management to enhance success in project delivery. This prepares them well, should they be able to apply techniques of EVM in the monitoring and controlling of project performance, and hence adds great value to their organisation.
What’s included in this Earned Value™ Management Foundation Course?
- Earned Value™ Management Foundation Exam
- World-Class Training Sessions from Experienced Instructors
- Earned Value™ Management Foundation Certificate
- 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
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. 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, 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.
Experience the most sought-after learning style with The Knowledge Academy's Earned Value™ Management Foundation. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Earned Value™ Management Foundation sessions.
Highly experienced trainers
Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience
State of the art training venues
We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible
Small class sizes
Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment
Great value for money
Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value
Streamline large-scale training requirements with The Knowledge Academy’s In-house/Onsite Earned Value™ Management Foundation at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.
Tailored learning experience
Leverage benefits offered from a certification that fits your unique business or project needs
Maximise your training budget
Cut unnecessary costs and focus your entire budget on what really matters, the training.
Team building opportunity
Our Earned Value™ Management Foundation offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings
Monitor employees progress
The course know-how will help you track and evaluate your employees' progression and performance with relative ease
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 FAQs
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The training fees for certification in India starts from INR64995
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Why choose us
Best price in the industry
You won't find better value in the marketplace. If you do find a lower price, we will beat it.
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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