Modes of Delivery
3 Months FREE Access to all our E-learning courses when you buy any course with us
Description
Project performance measurement is critical to successful project management. Earned Value Management(EVM)helps to monitor the health and status of a project and hence is an integral part of project management. This workshop will help you fully integrate the principles and fundamentals of EVM in a simple and practical approach.
READ MORE
Risks are a part of any project, but if not contained it may result in cost and schedule overruns thus affecting the scope of the project. More than 70% of projects worldwide get into schedule delays and cost overrun and fail causing severe loss to the organization and the global economy. EVM techniques are widely-practiced across organizations to mitigate schedule and cost risks. Using EVM, project teams are able to create a measurable project baseline by estimating and quantifying the value of work to be achieved at different milestones of the project schedule. This provides them a proven technique for measuring actual work accomplished and actual money being spent by those milestones, and the ability for effective calculation of schedule and cost variances. This further enables them to make meaningful forecasts for the projects and programs. This is an important aspect of project management that helps project managers reduce risk and increase the chances of project success.
This workshop will help you go from basic to advanced concepts of EVM and understand how to use it to deliver successful projects. The experiential course includes industry case studies and practical work that will help you understand how EVM is used in real world situations. EVM experts can earn as high as $109,599 on an average.With projects getting more complex with increased chances of failure, this expertise will be in much demand the world over.
What You Will Learn:
By the end of this course, you will:
- Facilitate the integration of project scope, time and cost objectives
- Establish a baseline plan for performance measurement (Performance Measurement Baseline – PMB)
- Understand the EVM data (PV, EV, AC, BAC, SPI, CPI, EAC, TCPI)
- Provide an objective measurement of project status in relation to cost, scope and timescales
- Enable accurate forecasting for projects and programmes
- Enable detailed project comparisons across programmes
- Demonstrate to stakeholders whether or not they are getting value for money
- Make suggestions to stakeholders as to how project value can be increased
Key Features
Curriculum
- Introduction
to Earned Value Management
- EVM –
The origin
- Relating
EVM to Project Management
- Basics
of Earned Value Management
- Learning
the EVM Data Points (PV, EV, AC)
- Managing
projects using EVM
- Project
Planning
- Developing
Work Break Down Structure (WBS)
- Identification
of Work Packages and Control Account Points
- Estimation
of Work Packages
- Scheduling
of Work Packages (Creating Project Schedule)
- Determining
and Establishing the Planned Value
- Establish
the Performance Measurement Baseline (PMB)
- Project Monitoring
- Measuring actual work done
(Earned Value) EV
- Measuring Actual Costs
incurred (Actual Costs) AC
- Comparing EV and AC against
PV
- Calculating variances and
performance indexes (SV, CV, SPI and CPI)
- Making Forecasts (TCPI, EAC
and ETC)
- Re-baseline (if needed)
Our Top Courses
- Agile and Scrum
- Certified Scrum Developer® (CSD)
- Certified ScrumMaster (CSM)®
- Certified Scrum Product Owner®(CSPO) Certification
- Professional Scrum Master™(PSM)
- Leading SAFe® 5 Certification
- SAFe® 5 for Teams
- DevOps Foundation Certification
- SAFe® 5 Advanced Scrum Master
- ICAgile - Foundations of DevOps (ICP-FDO) training
reviews on our popular courses See All
My special thanks to the trainer for his dedication and patience. I learned many things from him. I would also thank the support team for their help. It was well-organised, great work Knowledgehut team!
Attended Certified ScrumMaster (CSM)® workshop in May 2018I am glad to have attended KnowledgeHut's training program. Really I should thank my friend for referring me here. I was impressed with the trainer who explained advanced concepts thoroughly and with relevant examples. Everything was well organized. I would definitely refer some of their courses to my peers as well.
Attended PMP® Certification workshop in May 2018I would like to extend my appreciation for the support given throughout the training. My special thanks to the trainer for his dedication, and leading us through a difficult topic. KnowledgeHut is a great place to learn the skills that are coveted in the industry.
Attended Agile and Scrum workshop in May 2018KnowldgeHut's training session included everything that had been promised. The trainer was very knowledgeable and the practical sessions covered every topic. World class training from a world class institue.
Attended Certified ScrumMaster (CSM)® workshop in May 2018It is always great to talk about Knowledgehut. I liked the way they supported me until I got certified. I would like to extend my appreciation for the support given throughout the training. My trainer was very knowledgeable and I liked the way of teaching. My special thanks to the trainer for his dedication and patience.
Attended Certified ScrumMaster (CSM)® workshop in May 2018The hands-on sessions helped us understand the concepts thoroughly. Thanks to Knowledgehut. I really liked the way the trainer explained the concepts. He was very patient and well informed.
Attended Certified ScrumMaster (CSM)® workshop in May 2018The teaching methods followed by Knowledgehut is really unique. The best thing is that I missed a few of the topics, and even then the trainer took the pain of taking me through those topics in the next session. I really look forward to joining KnowledgeHut soon for another training session.
Attended Certified ScrumMaster (CSM)® workshop in May 2018I was totally impressed by the teaching methods followed by Knowledgehut. The trainer gave us tips and tricks throughout the training session. The training session gave me the confidence to do better in my job.
Attended Certified ScrumMaster (CSM)® workshop in May 2018
Mirelle Takata
Network Systems Administrator
Rubetta Pai
Front End Developer
Raina Moura
Network Administrator.
Prisca Bock
Cloud Consultant
Ellsworth Bock
Senior System Architect
Anabel Bavaro
Senior Engineer
Archibold Corduas
Senior Web Administrator
Matteo Vanderlaan
System ArchitectFrequently Asked Questions
The attendees need to have some prior experience of planning of projects and programs.
The idea audience for this course would be project, program and portfolio managers.
On successful completion of the course you will receive a course completion certificate issued by KnowledgeHut.
You will receive 1 credit per hour of learning which totals to 8 credits for the entire workshop
Your instructors are industry veterans who have successfully led project, program and portfolio management in organizations across sectors and will handhold you through its practical and strategic aspects.
Projects these days are getting more complicated and intensive spanning geographies, cultures and varied workforce. A successful program manager is one who can manage all these considerations and deliver successful projects. This tutorial has been designed to help you understand earned value management, a practice that helps monitor the project and keep it on track before it slips. Grasping these fundamentals will help you handle projects and programs with expertise and become a successful project manager.
Any registration cancelled within 48 hours of the initial registration will be refunded in FULL (please note that all cancellations will incur a 5% deduction in the refunded amount due to transactional costs applicable while refunding) Refunds will be processed within 30 days of receipt of written request for refund. Kindly go through our Refund Policy for more details: https://www.knowledgehut.com/refund-policy
Please send in an email to support@knowledgehut.com, and we will answer any queries you may have.