Earned Value Management
Capelle a/d IJssel
A powerful way to deliver insight into the actual progress within projects is the Earned Value Management (EVM) method. EVM is an international standard method combining both time and cost. Through this transparent method you can capture and evaluate your project progress and financial health. In this module, concepts, calculation methods and Best Practice reports of EVM will be discussed. This module is a follow-up to Project Cost Planning & Control, allowing you to further your competences and knowledge within this particular field.
This module is part of the specialization Cost of the Project Controls Programme.
- Advantages and motivations of EVM
- EVM definitions (planned value, actual costs, earned value etc.)
- EVM calculations and graphs
- Interpret and use EVM indexes (CPI, SPI) to take actions
- Use EVM as a forecast for further project development
- Organizational processes required for EVM
No specific requirements are needed. A general background in project management (Foundation) and experience in a planning tool is recommended. This module is a follow-up to Project Cost Planning & Control.
After completing this module you will receive a Primaned Academy certificate.
€ 495,- ex. V.A.T. / including training materials, drinks and lunch.
- 21-11-2019 - 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.
Teachers of this course
drs. Euan Samuels Brusse
Marijn van Essen MSc
Blogs on this topic
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.
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 […]
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.
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, […]
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.
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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