Earned Value Management Training | Earned Value Management Black Belt Training in Monte Carlo

Earned Value Management Black Belt Course Outline

Module 1: What is Earned Value Management?

• Introduction
• 32 EVM Guidelines
• Revisions and Data Maintenance

Module 2: Why Use EVM?

• Need for EVM
• Why is EVM Implemented?
• Why Use Earned Value Management?
• Benefits of EVM
• EVMS Mandate
• Business Case
• Business Case Contents

Module 3: Key Terminology

• Key Terminology Revision
• EVM Formulae
• Reporting Graphs
• Exercise

Module 4: EVM Principles

• What Does EVM Require?
• EVM Planning Process
• How Do We Define a Scope?
• Requirements and Key Deliverables
• Work Breakdown Structure (WBS)
• Preparing WBS 
• WBS Dictionary
• Organisation Breakdown Structure (OBS)
• Defining Control Accounts
• Planning Vs Work Packages
• Work Packages
• Rolling Wave Planning
• Responsibility Assignment Matrix
• Sub-Contract Management
• Scheduling
• Hierarchy of Schedules
• Scheduling and Resource Management
• Critical Path Method
• Develop Schedule Baseline
• Establish Schedule Baseline
• Budgeting Vs Funding
• Setting Budget
• Distributed Budget
• Undistributed Budget
• Performance Measurement Baseline
• Management Reserve (MR)
• Contract Budget Baseline

Module 5: Establishing Performance Measurement Baseline

• Establishing PMB
• Objective Measures of Progress
• Baselining the Project
• Why is PMB Needed?
• Data Collection

Module 6: Forecasting and Measuring Performance

• Project Tracking
• EVM Formulae
• Variance Analyses
• Schedule Variance
• Reporting Graphs
• Performance Trend Charts
• Performance Indices
• Cost Performance Index
• Schedule Performance Index
• Performance Indices
• Estimate at Completion (EAC)
• Simple Tests of Reasonableness
• TCPI
• Reporting and Interpreting Results
• Tolerances
• Setting Tolerances
• Problem Indicators
• Analysis Review and Action
• Corrective Actions

Module 7: Stakeholder Management and Communication

• What is a Stakeholder?
• Stakeholders? Who are They?
• Examples of Stakeholders
• Stakeholder Management
• Stakeholder Types
• Stakeholder Identification
• Stakeholder Analysis
• Segmenting and Prioritising Stakeholders
• Stakeholder Engagement
• Engaging Stakeholders
• Stakeholder Communication
• Communication Planning
• Communicating Change for Stakeholders

Module 8: Change and Risk Management

• Change Management
• Maintaining Integrity
• When to Make Changes?
• How to Make Changes?
• Risk
• Integrating Risk Management with EVM
• Benefits of Risk Management
• Risk Management
• Risk Management Procedure
• Identify Step
• Risk Identification Techniques
• Types of Risks
• Assess Step
• Summary Risk Profile
• Plan Step
• Responses
• Implement Step

Module 9: EVM System Review

• Benefits of a System Review
• Unscheduled System Review
• Categories of System Review
• Overview of EVM Reviews
• Integrated Baseline Review
• Demonstration Review
• Surveillance

Earned Value Management Black Belt Exam

To achieve the Earned Value Management Black Belt, candidates will need to sit for an examination. The exam format is as follows: 

• Question Type: Multiple Choice 
• Total Questions: 30 
• Total Marks: 30 Marks 
• Pass Mark: 65%, or 19/30 Marks 
• Duration: 60 Minutes
• Open Book/ Closed Book: Closed Book

Who should attend this Earned Value Management Black Belt Course?

The Earned Value Management Black Belt Course is intended to provide learners with a full understanding of Earned Value Management concepts. It is a highly specialised Course that can benefit a variety of professionals, including:

• Project Managers
• Program Managers
• Portfolio Managers
• Quality Managers
• Cost Engineers
• Business Analysts
• Financial Analysts

Prerequisites of the Earned Value Management Black Belt Course  

There are no formal prerequisites for this Earned Value Management Black Belt Course.    

Earned Value Management Black Belt Course Overview

This Earned Value Management Black Belt course is designed to provide delegates with a full understanding of Earned Value Management, including its elements and how to apply these in practice. Upon completion of this 3-day course, you have be confident with understanding, using and applying Earned Value Management theory to the workplace and be able to work successfully within an Earned Value Management environment.

Course Objectives 

• To master the advanced principles and application of Earned Value Management (EVM)
• To understand the 32 EVM guidelines and their role in maintaining project control
• To build a strong business case for implementing EVM in complex projects
• To apply key EVM terminology, formulae, and metrics for accurate performance analysis
• To develop Work Breakdown Structures (WBS) and Organisation Breakdown Structures (OBS) effectively
• To define and manage control accounts, work packages, and scheduling baselines
• To establish and maintain a Performance Measurement Baseline (PMB) for project tracking
• To forecast, measure, and interpret cost and schedule performance using advanced metrics
• To manage stakeholders through structured engagement and effective communication planning
• To integrate risk and change management into the EVM framework for project adaptability
• To conduct system reviews, including Integrated Baseline Reviews (IBR) and surveillance processes

What’s included in this Earned Value Management Black Belt Course?

• Earned Value Management Black Belt Examination
• World-Class Training Sessions from Experienced Instructors
• Earned Value Management Black Belt Certificate
• Digital Delegate Pack