Introduction
This course provides a thorough introduction to Earned Value Management (EVM), a project management technique used to assess project performance and progress. Participants will learn how to integrate cost, schedule, and scope to effectively measure project performance and forecast future performance.
Duration
5 Days
Target Audience
- Project managers and coordinators
- Project control and planning professionals
- Financial analysts in project management
- Program managers
- Project team members and stakeholders
- Consultants in project management
Personal Impact
- Gain a comprehensive understanding of EVM principles and techniques.
- Develop skills in applying EVM to track and control project performance.
- Improve ability to forecast project outcomes and manage variances.
- Enhance capability to use EVM data for informed decision-making.
- Increase confidence in using EVM tools and methodologies.
Organizational Impact
- Improved project performance tracking and control.
- Enhanced ability to forecast project outcomes and manage risks.
- Better alignment of project costs, schedules, and scope.
- Increased accuracy in project reporting and stakeholder communication.
- Strengthened organizational capacity for project performance management.
Course Level:
Course Objectives
- Understand the principles and terminology of Earned Value Management.
- Apply EVM techniques to measure and analyze project performance.
- Use EVM data to forecast project outcomes and identify variances.
- Integrate EVM with project management tools and methodologies.
- Communicate EVM findings and recommendations effectively to stakeholders.
Modules
Module 1: Introduction to Earned Value Management
- Overview of EVM Concepts and Terminology
- Importance of EVM in Project Management
- Key Components: Planned Value (PV), Earned Value (EV), Actual Cost (AC)
- Basic Formulas and Calculations
Module 2: Implementing EVM in Projects
- Developing the EVM Baseline
- Integrating EVM with Project Planning and Scheduling
- Setting Up EVM Metrics and Indicators
- Tools and Software for EVM
Module 3: Measuring and Analyzing Project Performance
- Calculating Variance and Performance Indices
- Analyzing Schedule and Cost Variances
- Interpreting Earned Value Metrics: Cost Performance Index (CPI) and Schedule Performance Index (SPI)
- Identifying Trends and Issues
Module 4: Forecasting Project Outcomes
- Using EVM Data for Forecasting
- Estimating Final Project Costs and Completion Dates
- Forecasting Techniques: Estimate at Completion (EAC) and Estimate to Complete (ETC)
- Developing Corrective Actions and Recovery Plans
Module 5: Communicating EVM Findings and Best Practices
- Preparing EVM Reports and Dashboards
- Communicating EVM Results to Stakeholders
- Best Practices for EVM Implementation and Usage
- Case Studies and Examples of Successful EVM Applications
Related Courses
Course Administration Details:
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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