Earned Value Management
Earned Value Analysis is a popular project controls technique that integrates scope, time and cost. In this training, it is explained how the technique works and how it solves a frequent fallacy in project controls.
Afterwards, we share practical recommendations based on our experience in implementing Earned Value Management Systems (EVMS).
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Why this training
When scheduling and cost management are dealt with separately, project managers might lack insight in the true performance of a project. Earned Value Analysis is an eye-opening great technique to solve this frequent shortcoming. Its calculations allow the project manager to proactively react based on measured progress.
Learning goals
- Do earned value calculations for your projects.
- Interpret all sorts of EVM KPI’s and take the right corrective actions based on them.
Sections
- Why Earned Value Management?
- Basic Earned Value Analysis
- Forecasting & Advanced Analysis
- Implementation of an EVM System: attention points
- PM Tools & EVM
Learning method
After the theory, this training course ends with a comprehensive simulation of a project where throughout the project Earned Value Analysis is applied by the participants and actions are taken.
Target audience
Planning engineers and other project members.
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