Course information

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

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Who should attend this Earned Value™ Management Foundation Course?

This Earned Value™ Management Foundation Training Course in Virginia Beach 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 Virginia Beach 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 Virginia Beach developed by Knowledge Academy provides delegates with the necessary knowledge and skills required in Earned Value Management. Delegates in Virginia Beach 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 Virginia Beach, 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.

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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

Our Virginia Beach venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Virginia Beach has a population of around 450,000 inhabitants. The city is located within the state of Virginia, its boarders the south-eastern side of the Atlantic Ocean. Virginia Beach Is the largest city by size and the most populated in the state. It has been ranked at the 39th most populated city in the United States. The city has around 200,000 employed residents and 9,000 unemployed. 67% of the cities ethnicity is white or Caucasian.The over 25 population of the Virginia Beach has around 90% having high school diploma or equivalent which is higher than the national average. The city is home to one of the state’s largest schooling systems, Virginia Beach City Public Schools. There are around 69,000 students that the public system educates, there are 58 elementary schools, 14 middle schools, 12 high schools.Virginia Beach is home to Landstown High School which has an enrolment of around 2,000 pupils. It is a public school offering engineering technology, information technology and entrepreneurship technology. Princess Anne High School is the oldest high school within the Virginia Beach public school system. The school has an enrolment of around 1,800 students.Regent University is one of the cities university with around 6,000 enrolled students, it is a private Christian research university and offers bachelors, masters and doctoral degrees. 

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Address

Hampton Inn Norfolk
5793 Greenwich Rd.
Virginia Beach
VA
23462

T: +1 7204454674

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Earned Value Management Foundation Training in Virginia Beach. 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 Training in Virginia Beach, 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.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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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

Earned Value Management Foundation Training in Virginia Beach FAQs

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The training fees for certification in Virginia Beach starts from $4995
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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.

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Trusted & Approved

Our Earned Value Management courses are fully accredited by APMG.

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

Resources are included for a comprehensive learning experience.

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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"

Joshua Davies, Thames Water

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