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 training can be followed remote and in a classroom. Please indicate your preferences on the registration form. Read about the plan of remote training.
Preliminary training
This training can be followed separately without specific prior knowledge. A general background in project management and experience with a planning tool is recommended. It is also possible to take this course as part of the Senior Scheduling Engineer and Project Controls Manager courses.
Certificate
After completing this module you will receive a Primaned Academy certificate.
Price
€ 495.00 excl. VAT / including material, lunch & drinks
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The exercises during the training are pleasant to learn how to apply the material.
Rebecca, Project Planner, Royal Van Lent Shipyard
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Many examples in the book makes it easy to understand the course material.
Kor, Primaned
Teachers of this course
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Marijn van Essen MSc
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Martijn de Witte
Blogs on this topic
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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 […]
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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.
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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, […]
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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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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.
The following topics are covered in this training:
- 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.
