Course information

Earned Value™ Management Practitioner Course Outline

Module 1: 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
  • Exercises

Module 2: Planning

  • Foundations of Planning
  • Performance Management Baseline
  • Principles of Risk Planning
  • Earned Value Techniques
  • Validity and Effectiveness

Module 3: Data Collection

  • Foundations of Data Collection
  • Using Estimated Actuals
  • Data Collection Requirements
  • Verify, Validate, and Reconcile Data Integrity

Module 4: 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 5: Change Management

  • Maintaining Integrity
  • Types of Baseline Change
  • Use of Management Reserve
  • Impact of Changing Baselines
  • Change Process

Module 6: Risk Management

  • Foundations of Risk Management
  • Setting the PMB
  • Establishing Management Reserve
  • Predicting Project Performance
  • Project Changes
  • Effectiveness

Module 7: 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 8: 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 Practitioner Course?

This Earned Value™ Management Practitioner Training in Minneapolis aims to provide delegates with a deeper understanding of EVM and focus on its practical application. A variety of professionals can benefit from attending this course, such as:

  • Senior Project Managers
  • Project Control Managers
  • Cost Engineers
  • Programme Managers
  • Senior Risk Managers
  • Quality Assurance Managers
  • Project Planners

Prerequisites of the Earned Value™ Management Practitioner Course

Delegates must possess the Earned Value™ Management Foundation Certification before pursuing this Earned Value™ Management Practitioner Training Course.

Earned Value™ Management Practitioner Course Overview

The Earned Value™ Management Practitioner Course in Minneapolis delves into am advanced Project Management technique that integrates scope, time, and value facts to evaluate project performance and progress. As a globally recognised high-quality practice, Earned Value Management (EVM) is essential for accurately measuring undertaking overall performance and making knowledgeable selections to steer tasks towards a hit of completion.

Understanding and applying EVM standards is important for Project Managers, cost controllers, and any professional involved in undertaking planning, execution, and analysis. Mastering EVM in Minneapolis lets in these experts to expect project effects more accurately, become aware of potential issues early, and implement corrective actions efficiently.

The 1-day course in Minneapolis offered by The Knowledge Academy equips delegates with a comprehensive understanding of EVM ideas, equipment, and techniques. Through a blend of theoretical know-how and practical sporting events, contributors will discover ways to implement EVM of their initiatives effectively.

Course Objectives

  • To introduce the fundamentals of Earned Value Management and its importance in undertaking control
  • To equip delegates with the skills to enforce EVM tactics and structures of their tasks
  • To enhance members' ability to analyse task performance facts and make knowledgeable choices
  • To expand the functionality to forecast venture consequences using EVM strategies
  • To prepare delegates for effective stakeholder conversation on project development and performance
  • To foster a deep expertise of EVM's function in mission governance and hasard management

Upon completing this course in Minneapolis, delegates can be properly-prepared to apply Earned Value Management techniques in their projects, leading to more accurate forecasting, more suitable overall performance monitoring, and improved task results.

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

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

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

Why choose us

Our Minneapolis venue

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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.

Minneapolis is the larger of the two cities that are known as the Twin Cities (Minneapolis and St Pauls).  It is the largest city in the state of Minnesota and has an estimated total population of around 410,000 people. Minneapolis and Saint Paul anchor the second-largest economic center in the Midwest. Education in the USA is provided by both public and private schools, and is mandatory until the age of 16.  Pupils conducting their schooling within the USA start off at preschool, followed by elementary school, then middle school, before finishing at high school.  At age 18, US citizens are able to engage in higher education.  Higher education in the USA normally comes in the form of a college, undergraduate school, or a community college – that latter of which doesn’t normally cost anything to attend.  Candidates participating in a course at a college will gain credits towards a bachelor’s degree, whilst candidates participating a course at a community college will be earning credits in order to achieve an associate’s degree. There are around 40,000 pupils enrolled in Minneapolis primary and secondary schools. There are around 100 schools including 45 elementary schools, 7 middle schools and 7 high schools. The Minneapolis school system has a graduate rate of 44% which makes it the 6th worst city from the country’s 50 biggest cities. The city is home to the main campus of the University of Minnesota. There are around 50,000 students attending this university, studying for undergraduate and graduate degrees. The school is ranked 123rd in the world rankings of universities, which makes it a top 50 ranked American school. The University of Minnesota was ranked highest in counseling and personnel services, chemical engineering, psychology, macroeconomics, applied mathematics and non-profit management. At The Knowledge Academy we offer over 50,000 classroom based training courses in the United States, including popular locations such as Minneapolis.

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Address

Fifth Street Towers
100 South Fifth Street
19th Floor
Minneapolis
Minnesota
55402

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 Practioner Training in Minneapolis. 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 Practioner Training in Minneapolis, 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

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The training fees for certification in Minneapolis starts from $5995
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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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