Course information

Earned Value™ Management Foundation and Practitioner 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
  • 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

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
  • 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

  • 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

Show moredowndown

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

This Earned Value™ Management Foundation & Practitioner Training Course in Orlando 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 & 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 Course Overview

Earned Value™ Management (EVM) in Orlando is a general objective method of measuring the project performance and progress. It gets its relevance in just about any industry because it is a method that combines the dimensions of Project Management: scope, schedule, and cost. This is, therefore, very instrumental in seeing to it that projects are completed within the stipulated periods and within the appropriate budget, hence a very indispensable tool for any project managers across different sectors.

Whether it's Project Managers, Program Managers, or Financial Analysts—everyone, at the very least, with EVM in their head, wants to make the most of Project Execution and financial performance. These professionals are supposed to pursue projects and, in the process, be able to forecast the result that is likely to be derived from such projects easily. Mastery of this subject in Orlando ensures that strategic initiatives are effectively executed, enhancing organisational success.

The Knowledge Academy’s 4-day training course in Orlando on Earned Value™ Management Foundation and Practitioner is designed to equip delegates with the foundational understanding and practical skills needed to implement EVM within their projects. Through this intensive session, delegates will learn the essential principles of EVM, engage in real-world case studies, and apply best practices to maximise project performance and outcomes.

Course Objectives

  • To Introduce the Fundamentals Of Earned Value Management and Its Importance in Project Management
  • To explain the process of integrating scope, time, and cost management to measure project performance
  • To equip delegates with the skills to analyse project performance and make informed decisions
  • To demonstrate how to implement EVM processes in real-world projects effectively.
  • To prepare delegates for the Earned Value Management Certification
  • To enhance problem-solving and analytical skills related to project cost management and forecasting

Upon completion of this course in Orlando, delegates will have a powerful understanding of Earned Value Management and its application in projects. Such skills and knowledge place them at a great position to significantly improve project outcomes through ensuring delivery as per scope, within time, and within budget.

Show moredowndown

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

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

Orlando is situated within Central Florida and is the largest inland city within the state of Florida. Orlando is home to a population of an estimated 238,300  making it the 5th largest city within Florida as well as being the 26th largest metropolitan area within the United States with around 2,134,411 people estimated living there in 2010. The City Beautiful and The Theme Park Capital of the World as the city is otherwise known as is also the county seat of the orange county. There are both private schools and secondary schools within Orlando, most of the public primary and secondary schools are operated by the orange county public schools, with some of the private schools including Dr. Phillips High School, Orlando Lutheran Academy, The First Academy, Lake Highland Preparatory School and the Forest Lake Academy. Orlando also offers a weekend program for Japanese children the Orlando Hoshuko, which is within the Lake Highland Preparatory school. There are only a few state universities and colleges which include the Florida A&M University College of Law, University of Central Florida and Seminole State College of Florida, Valencia College within Orlando. Whereas there are more private universities and colleges some of which are Belhaven University, Dwayne O. Andreas School of Law - Barry University, Hindu University of America, Nova Southeastern University, Everest University, Adventist University of Health Sciences, Le Cordon Bleu College of Culinary Arts, Florida Institute of Technology, Reformed Theological Seminary, Connecticut School of Broadcasting, Southern Technical College, Keiser University, Palm Beach Atlantic University and Columbia College. All of the different universities offer different courses in a range of subjects. Students within Orlando are able to enrol on graduate, under graduate, professional, masters, doctors and associate degrees. Degrees can vary depending on the type of institute it is, some of the subjects can include law, sciences, technology, medicines, nursing, dentistry, veterinary medicine, hospitality, film production, business, management, information technology, sports and many more.

Show moredown

Address

Orlando, Florida

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 & Practitioner Training in Orlando. 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 & Practitioner Training in Orlando, 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.

tailored_learning_experience

Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

budget

Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

team_building

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

monitor_progress

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 & Practitioner Training in Orlando FAQs

There hasn't been any questions asked about this Topic

The training fees for certification in Orlando starts from $6995
The Knowledge Academy is the Leading global training provider for .
Please see our courses available in Orlando
Show more down

Why choose us

icon

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.

icon

Trusted & Approved

Our Earned Value Management courses are fully accredited by APMG.

icon

Many delivery methods

Flexible delivery methods are available depending on your learning style.

icon

High quality resources

Resources are included for a comprehensive learning experience.

barclays Logo
deloitte Logo
Thames Water Logo

"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

santander logo
bmw Logo
Google Logo

Looking for more information on Earned Value™ Management?

backBack to course information

Get a custom course package

We may not have any package deals available including this course. If you enquire or give us a call on +1 7204454674 and speak to our training experts, we should be able to help you with your requirements.

cross

OUR BIGGEST SPRING SALE!

Special Discounts

red-starWHO WILL BE FUNDING THE COURSE?

close

close

Thank you for your enquiry!

One of our training experts will be in touch shortly to go over your training requirements.

close

close

Press esc to close

close close

Back to course information

Thank you for your enquiry!

One of our training experts will be in touch shortly to go overy your training requirements.

close close

Thank you for your enquiry!

One of our training experts will be in touch shortly to go over your training requirements.