Earned Value Management Practioner Training in Raleigh

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

Who should attend this Earned Value™ Management Practitioner Course?

This Earned Value™ Management Practitioner Training in Raleigh 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 Raleigh 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 Raleigh 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 Raleigh 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 Raleigh, 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.

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