Course Catalog
EVM Earned Value Management Training | Earned Value Management Systems EVMS
Description
This will provide all participants with all the necessary skills, capabilities and confidence to immediately start working within a production Earned Value Management System () environment and delivering real results. In addition, an overview of what each Client needs to know about an upcoming Integrated Baseline Review (IBR)
What is?
An EVM specialist is a practitioner of with demonstrated mastery of contract language as it relates to Earned Value application, the organization of a project’s scope into meaningful structure for execution; planning scheduling and budgeting the project work from initiation through close out using an integrated cost/schedule tool; highly proficient in monitoring project progress for performance measurement; an earned value management system () and its related accounting component used to record actual costs for a project or activity; generating relevant reports, understanding and analyzing the information reported, using actual cost data from, or reconcilable with, the accounting system for management of a project or activity; and managing change to the scope of work and/or any deviation, performance trend, or change to an approved or baseline project control plan, throughout the life-cycle of a project or portfolio of projects in the public and/or private sector.
Course Objectives:
This course provides all the essential tools and knowledge participants will need to fully understand methods. Individuals who want to obtain a general knowledge about project cost control and Earned Value Management can significantly benefit from the training . Upon successful completion of this course, you will be able to:
- Recognize the Earned Value Management System
- Comprehend the concept behind the formula, rather than relying on memorization
- Apply specific techniques for answering multiple choice questions in the exam
- Prepare an earned value analysis report
- Interpret and measure project health status based on the given earned value data
Who should attend EVP exam preparation Training?
- Anyone interested in gaining a basic understanding of the
- Project managers
- Project controls personnel
- Engineering managers
- Construction managers
- Lead engineers, and similar roles
Outline
- Pre-Requisite: Some knowledge of Planning and Scheduling-
- Bring – Notepad, Pen, Calculator
Day 1
Introduction to a Project and
Organization
- Work Breakdown Structure
- Organization Breakdown Structure
- Responsibility Assignment Matrix
- Work Authorization and Process
Planning, Scheduling and Budgeting
- Attributes for Earned Value and its Integration
- Baseline Project Schedule Development
- Critical Path Method and CP comparison
- Technical Performance
- Project Budget – Direct Costs and Indirect Costs
- Performance Measurement Baseline (PMB)
- Risk Assessment
- Control Account
- Cost Elements
- Contingency and Reserves
- Integrated Baseline Review
- Cost Reconciliation
- Monthly Progress
Day 2
Accounting Consideration
- Direct and Indirect Costs
- Cost Recording, Summarizing, Tracking and Reporting
Analysis and Management Reports
- Project Analysis and Understanding Variance and Float consumption
- Interpreting from Variance (SPI, CPI, TCPI)
- Forecast on Estimate at Complete and Estimate to Complete
- Risk Mitigation
- Management Reporting and Actions
Revisions and Data Management
- Types of Changes and Records of Changes
- Change Order
- Reconciliation
- Retroactive Changes
Implementing – Understand What Not to Do.
TM
TM
TM
TM16.00 PDUs
Delivery Method
Live Streaming
Live In-Person
Start Date
Ongoing
Locations
Languages
English