top
(EVM) Earned Value Management Fundamentals Training
Rated 4.5/5 based on 75 customer reviews

(EVM) Earned Value Management Fundamentals Training

Master EVM for objective and quantitative measurement of project performance

Contact Course Advisor schedules
Refer & Earn

Modes of Delivery

Live Online Classroom

Collaborative, enriching virtual sessions, led by world class instructors at time slots to suit your convenience.

Group Discount: Upto 20% Know More

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

8 hours of training on Fundamentals of Earned Value Management
Learning the concepts of Earned Value Analysis and Management
Understanding EVM Data points
Creating a Performance Measurement Baseline (PMB) using EVM
The basics of monitoring and controlling project performance using EVM
Case study driven approach with hands-on exercises
This is a basic introductory course only

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)

reviews on our popular courses See All

The learning system set up everything for me. I wound up working on projects I've never done and never figured I could. 

Attended Full-Stack Development Bootcamp workshop in July 2022

I know from first-hand experience that you can go from zero and just get a grasp on everything as you go and start building right away. 

Attended Front-End Development Bootcamp workshop in April 2021

All my questions were answered clearly with examples. I really enjoyed the training session and am extremely satisfied with the overall experience. Looking forward to similar interesting sessions. KnowledgeHut's interactive training sessions are world class and I highly recommend them .

Attended PMP® Certification workshop in July 2020

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 July 2020

KnowledgeHut has excellent instructors. The training session gave me a lot of exposure to test my skills and helped me grow in my career. The Trainer was very helpful and completed the syllabus covering each and every concept with examples on time.

Attended PMP® Certification workshop in May 2020

Trainer really was helpful and completed the syllabus covering each and every concept with examples on time. Knowledgehut staff was friendly and open to all questions.

Attended Certified ScrumMaster (CSM)® workshop in February 2020

I was impressed by the way the trainer explained advanced concepts so well with examples. Everything was well organized. The customer support was very interactive.

Attended Agile and Scrum workshop in February 2020

It 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 February 2020
Review image

Tyler Wilson

Full-Stack Expert
Review image

Madeline R

Developer
Review image

Christean Haynes

Senior Web Developer
Review image

Mirelle Takata

Network Systems Administrator
Review image

Felicio Kettenring

Computer Systems Analyst.
Review image

Sherm Rimbach

Senior Network Architect
Review image

Estelle Dowling

Computer Network Architect.
Review image

Ellsworth Bock

Senior System Architect

Frequently 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.

other training

How We Can Help You

Course Details