Course information

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

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Who should attend this Earned Value™ Management Foundation & Practitioner Course?

This Earned Value™ Management Foundation & Practitioner Training Course in New Delhi 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 New Delhi 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 New Delhi ensures that strategic initiatives are effectively executed, enhancing organisational success.

The Knowledge Academy’s 4-day training course in New Delhi 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 New Delhi, 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.

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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 

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New Delhi is one of the districts within Delhi, as well as it being the capital city of India, it is also the home to the Government of the National Capital Territory of Delhi and some of the branches of the Government of India, these being the judiciary, executive and legislative branches and is also home to around 249,998 people. The capital of India - New Delhi was initiated within 1931 by Viceroy Lord Irwin however formed during 1911 by George V, who was the King of the United Kingdom as well as the Emperor of India and his British architects Sir Herbert Baker and Sir Edwin Lutyens formed the foundation stone and announced the capital city of India would be changed. The primary schools and secondary schools within New Delhi are either run privately or by the government and as of 2004 to 2005 there was around 1.5 million students going through the educational system within 2416 primary schools, 822,00 students in 715 middle schools and 669,000 students in 1576 secondary schools and around 500,000 students within 165 universities and colleges. All universities are either state, deemed or central universities, The top universities within New Delhi are the Jamia Millia Islamia, the University of Delhi, Indian Statistical Institute, National Law University, Jawaharlal Nehru University, Guru Gobind Singh Indraprastha University, Ambedkar University Delhi, Jamia Hamdard, Delhi Technological University – which is the first Engineering college within Delhi and one of the oldest in India, the Indira Gandhi National Open University is the largest national university in the world with over 4 million students, New Delhi is also home to the Indian Agricultural Research Institute, Pusa, New Delhi, Premier institute for agricultural research and education in India. The university courses and programs can offer different types of degrees such an undergraduate and post graduate courses, Bachelor courses and Scholarships, New Delhi prides itself on its premier institutions as the teaching and researching they do means that within 2011 the census recorded the literacy rate for females as 80.9% and for males it was slightly higher at 91.0% with an overall literacy rate of 86.3%. Subjects within the different universities can include, social sciences, engineering, humanities, technology, sports, law, social work, arts, management, education, computer information technology, foreign languages, mathematical science, dentistry and medical. 

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Address

Pioneer Institute of Education and Computer Studies
F322/A, 3rd Floor
Adarsh House (Above PNB Bank)
Old MB Road
Lado Sarai
New Delhi
110030

T: +91 8037244591

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Earned Value Management Foundation & Practitioner Training in New Delhi. 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 Training in New Delhi, 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 & Practitioner Training in New Delhi. 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 & Practitioner Training in New Delhi sessions.

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Our Earned Value Management courses are fully accredited by APMG.

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Flexible delivery methods are available depending on your learning style.

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"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"

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