Earned Value™ Management Foundation & Practitioner - Oman

Earned Value™ Management Foundation and Practitioner Training Course Outline​

Module 1: Introduction to Earned Value Management

• What is Earned Value Management (EVM)?
• Why Use EVM?
• What Does EVM Require?
• Four Key Data Elements
• Reporting Graphs

Module 2: The 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
• Reporting Graphs
• 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
• Mock Foundation Exam
• The Foundation Examination

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
• Three 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

• Learning From Experience (LFE)
• 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
• EVM-GB—VX01-V1.2
• The Practitioner Examination

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

This Earned Value™ Management Foundation and Practitioner Course 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 and 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 Training Course Overview

Earned Value™ Management is a widely used management practice employed by organisations to accurately determine the progress and performance of projects. This approach assists with the amalgamation of project scope, time, and cost targets and the formation of a baseline plan for performance measurement.

This Earned Value™ Management Foundation and Practitioner course combines the content of the Foundation level and Practitioner level courses into one condensed 4-day course. The course begins by providing candidates with a foundational understanding of the primary concepts, benefits, principles, and processes of Earned Value™ Management. This basic knowledge will be beneficial when moving on to examine the use of Earned Value™ Management in a business environment. The Practitioner segment of the course focuses on this, and delegates will learn how to tailor and practically apply Earned Value™ Management approaches to specific workplace scenarios.

Therefore, by the completion of the course, candidates will have a comprehensive understanding of this management practice and will be competent users of Earned Value™ Management. Additionally, they will have the capability to develop the skills needed to tailor Earned Value™ Management to their specific projects, provided the correct procedures are followed.

APMG International Earned Value™. APMG International Earned Value is a trademark of The APM Group Limited. All rights reserved.​

Course Objectives

• To understand core principles and benefits of earned value management
• To develop work breakdown structures and project baselines effectively
• To apply earned value techniques for schedule and cost control
• To collect and analyse project performance data with accuracy
• To integrate risk management into EVM processes for reliability
• To manage baseline changes and apply governance in EVM systems

What’s included in this Earned Value™ Management Foundation & Practitioner Course?

• Earned Value™ Management Foundation Exam
• Earned Value™ Management Practitioner Exam
• World-class training sessions from Experienced Instructors
• Earned Value™ Management Foundation Certificate
• Earned Value™ Management Practitioner 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 

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