Earned Value Management

  • 1 day
  • Capelle a/d IJssel
  • Classroom

Measures in place due to Corona

From 1 June 2020, this training will be available remote and in a classroom. Please indicate your preferences on the registration form. Read about the plan of remote training and the measures taken in classroom training in the case of Corona.

 

The Earned Value Management (EVM) method is a powerful way of understanding the actual progress within projects. It is a standard international method, which combines time planning with costs. Using this method, you can assess both the financial health and the progress of the project in a transparent manner. Did you know that EVM can also be used effectively without using costs in your planning? This module discusses the definitions, calculation methods and Best Practice reports of EVM. This module connects well with the training module Project Cost Planning & Control.

This module is part of the specialization Cost of the Project Controls Programme.

Subjects

  • Benefits and motivations of EVM
  • EVM definitions (planned value, actual costs, earned value etc.)
  • EVM calculations and diagrams
  • Learning to interpret and use EVM indices (CPI, SPI)
  • Using EVM to predict further project progress
  • Organisational processes necessary for EVM

Preliminary training

No specific prior knowledge is required for this training module. A general background in project controls (the Foundation) and experience with a planning tool are recommended. This module connects well with the Project Cost Planning & Control.

Certificate

After completing this module you will receive a Primaned Academy certificate.

Pricing

€ 495,- ex. V.A.T. / including training materials, drinks and lunch.

Course dates

  • 17-11-2020 - Capelle a/d IJssel
  • The exercises during the training are pleasant to learn how to apply the material.

    Rebecca, Project Planner, Royal Van Lent Shipyard

  • Many examples in the book makes it easy to understand the course material.

    Kor, Primaned

Teachers of this course

  • drs. Euan Samuels Brusse

  • Marijn van Essen MSc

Blogs on this topic

  • Earned Value Management: cheat sheet

    As a temporary conclusion to our Earned Value Management blog series, we’d like to provide you with an EVM formula cheat sheet. This file contains all essential formulas for calculating the Earned Value metrics, indicators and measures. Download the .pdf for free.

  • 3 metrics, endless possibilities

    I’m a true advocate for using (a basic implementation) of EVM on all your projects, or at least the philosophy. The use of Earned Value Management metrics gives a good insight in your current project status at a simple glance. By planning your project carefully and assigning budgets, in hours, euros, documents, resources, to your […]

  • 6 cost forecasting techniques in EVM (EAC/ETC)

    Do you feel your budgeting process has failed from the start of your project? Have you learned that you overbudgeted or underbudgeted the activities in your performance measurement baseline (PMB)? Are you willing to take your Earned Value Analysis (EVA) to the next level? Then this is a blog post for you.

  • Earned Schedule – The Appropriate upgrade of your EVMS

    Now we’ve learned the basics of Earned Value Management calculations (see this blog), it’s time to introduce a new metric to define our project’s health. As you’ve noticed all previous metrics and parameters were either percental (CPI, SPI, TCPI) or monetary/unitary (CV, SV). But what does a schedule variance of € 10.000 tell us? First, […]

  • The essentials of Earned Value Management

    Do you feel your company’s finance department only focuses on whether your project stays within budget, but they miss the link with the project’s progress? Then Earned Value Management is your key to successfully tracking your project’s health.

  • A budget is not the same as a cash flow

    As a follow-up to the post about the difference between a time buffer and total float; here is a new post in the same series – seemingly easy concepts that seem to confuse many. This one might be an open door for financial or general management profiles, but it is not for most project controls […]

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