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Mastering EVM (Earned Value Management) Training

Secure your project management

Discover the Power of Earned Value Management to Optimize Your Project Performance!

Join our intensive training program on “Mastering EVM (Earned Value Management)” and transform your approach to project management.

This training is designed to provide you with a deep understanding of the core concepts and principles of EVM, enabling you to integrate cost, time, and scope dimensions for an accurate assessment of project performance.

Learn to plan, structure, and implement an effective EVM system, master performance analysis, and use EVM as a strategic decision-making tool.

Additionally, develop skills to manage changes and revisions based on EVM analysis, preparing you to adjust management strategies in real-time.

Whether you are a project manager, project controller, or senior executive, this training is essential for enhancing your project management skills and leading your teams to maximum efficiency.

Training in OPC (Scheduling, Coordination), Earned Value Management, MS Project, and Strategic Leadership – project management skills development

Objectives of EVM (Earned Value Management) Training

Understand the Fundamental Concepts and Principles of EVM:

  • Gain in-depth knowledge of EVM principles, including key terminology and basic formulas.
  • Understand how EVM integrates cost, time, and scope dimensions to assess project performance.

 

Learn to Implement an Effective EVM System:

  • Learn how to plan and structure a project for EVM implementation, including defining work packages and establishing a performance baseline.
  • Master data collection and analysis for project tracking using EVM.

 

Develop Skills in Project Performance Analysis with EVM:

  • Learn how to calculate and interpret key performance indicators such as the Cost Performance Index (CPI) and Schedule Performance Index (SPI).
  • Know how to identify variances, trends, and predict future project performance.

 

Practical Use of EVM for Decision-Making:

  • Acquire skills to use EVM as a strategic decision-making tool.
  • Understand how to adjust management strategies based on insights provided by EVM.

 

Manage Changes and Revisions Based on EVM:

  • Develop strategies to manage changes in scope, budget, or schedule based on EVM analysis.
  • Understand how to revise project plans and forecasts according to EVM data.

 

Earned Value Management Training Outcomes

Learning Outcomes

At the end of this training, each participant will be able to understand and analyze the key aspects and challenges of a project.

Audience

This training is particularly suited for:

Project and Program Directors ,Senior Executives, Experienced Project, Managers, Corporate Managers, Project, Management Consultants ,Professionals Transitioning to Leadership Roles

Prerequisites​

The fundamentals of project management the validation of the prerequisites will take the form of a preliminary interview (by phone or email)

Teaching Methods Employed

This training will include discussions and simulations.

Educational Materials

Case studies and a syllabus Each trainee will work on a PC with Primavera. The software P6 is provided during the training course for case studies and exercises.

Assessment Methods

Assessments of achievements through simulation exercises, self-assessment, and a certificate of training completion.

Earned Value Management Training Programme

1.1 Introduction to the EVM Mastery Course

  • Fundamentals and history of Earned Value Management 
  • Key components: performance baseline, planned value, earned value, actual costs

 

1.2 Project Planning for EVM Implementation

  • Structuring a project for effective EVM integration
  • Defining work elements, allocating resources, and budgeting

 

1.3 Monitoring and Reporting with EVM

  • Data collection techniques for EVM
  • Creating regular reports and analysing collected data

 

2.1 Performance Analysis and Decision-Making

  • Calculating and interpreting performance indices (CPI, SPI)
  • Using EVM for project forecasting and control

 

2.2 Change Management and Practical Scenarios

  • Managing project adjustments based on performance insights
  • Problem-solving workshops and decision-making exercises using real-world scenarios

 

2.3 Practical Application and Case Studies

  • Business case studies
  • Interactive simulations to consolidate learning

 

2.4 Conclusion and Evaluation

  • Review of key concepts
  • Final evaluation based on a case study or practical project
  • Development of an action plan for implementing EVM in a professional context

 

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