Earned Value Combined (Foundation & Practitioner)

Perfecting performance measurement
Overview

Earned Value Management (EVM) is a project control process based on a structured approach to planning, cost collection and performance measurement. 

This APMG-accredited course focusses on the financial and schedule aspects of a project and enables organisations to establish a baseline plan, objectively measure and accurately forecast value, in terms of cost, against which performance can be measured. 

EVM achieves this by facilitating the seamless integration of project scope, time, cost objectives and the establishment of a baseline plan for performance measurement. It enables the creation of accurate forecasts and reports to satisfy even the most stringent governance requirements.
 

Course Code
Q5ClaProj575
Duration
4 Days
Delivery Style
Classroom
Course Type
Public or Private
Max Delegates
12
Available as Nutshell
No

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Purpose of this course

EVM is a tool used by project managers to track actual project performance as well as to predict future performance to support effective decision-making.
This certification will confirm your ability to:

•    Facilitate the integration of project scope, time and cost objectives and the establishment of a baseline plan for performance measurement.

•    Demonstrate to stakeholders whether or not they are getting value for money and make suggestions as to how value can be increased.

•    Provide an objective measurement of what has been achieved on a project in relation to cost, scope and timescales.

•    Enable accurate forecasting for projects and programmes and detailed project comparisons across programmes.
 

Who is this course for

Project Managers, managers, department heads, people who have worked (and are working) in an Earned Value Management environment for a period of two years. This will include a wide range of people working on Earned Value based projects including project managers, control account managers, project planners and project analysts and others who need a better understanding of the elements of EVM.

You will learn how to
  • The concepts of Earned Value.
  • Selecting and deploying Earned Value formulae.
  • The Earned Value Process.
  • Different levels of System Review.
  • How to establish a Performance Measurement Baseline for a project.
  • How to design and evaluate Earned Value data collection processes for a specific project.
  • Interpreting Earned Value data for a given scenario and make recommendations on appropriate action.
  • Managing changes to a Performance Measurement Baseline appropriately.
  • Allowing for risk in the planning, execution, and evaluation of an Earned Value project.
  • How to apply methods to review the integrity, validity and performance of an Earned Value Management System.
Benefits for your organisation

EVM has become widely accepted in the public and private sectors and the course will delve into the tools and techniques to increase your organisation’s ability to monitor performance and forecast value, supporting successful change initiatives that deliver value within your organisation.

Benefits for you as an individual

This course is designed for people who need to deploy, understand, and work with EVM project controls. 

Attending this course will enable you to become an EMV professional able to perform in today’s cost and value conscious environment, applying the tools and techniques you will need to become a subject matter expert, effectively tailoring the guidance to align with your organisational needs.
 

  • Introduction to Earned Value Management
  • EVM Process Overview
  • Definition of Scope
  • Planning
  • Data Collection
  • Analysis, Review & Action
  • Change Management
  • Risk Management
  • System Review
  • Learning From Experience
Prerequisites

There are no pre-requisites for the foundation course, however a basic understanding of project management would be beneficial. In order to take the practitioner exam you will need to have passed the foundation exam.

More about the exam

Foundation

  • Multiple Choice
  • 40 questions per paper
  • 26 marks or more required to pass (out of 40 available) - 65%
  • 60 minutes duration
  • Closed book
  • Calculator allowed

Practitioner

  • Objective testing
  • 4 questions per paper, 20 marks available per question
  • 40 marks or more required to pass (out of 80 available) - 50%
  • Three hours duration
  • Open book (Earned Value Management Handbook)
  • Calculators allowed