Dive into the world of Earned Value Management (EVM), an indispensable practice for project managers across industries, and unlock the secrets to delivering projects on time and within budget with confidence and precision. This short course can be an integral part of a custom project management training program for your organization.
Dive into the world of Earned Value Management (EVM), an indispensable practice for project managers across industries, and unlock the secrets to delivering projects on time and within budget with confidence and precision. This short course can be an integral part of a custom project management training program for your organization.
Program Experience
Join our two-day EVM course, designed to provide project managers and engineers with practical tools and techniques for effective project management. Led by seasoned industry professionals, our dynamic sessions blend insightful lectures with hands-on exercises, ensuring a stimulating and interactive learning experience. This course can be tailored for specific teams, their PM responsibilities, and reporting contexts.
During the course, you will cover core principles of EVM, exploring concepts such as cost and schedule performance analysis, variance analysis, and forecasting. Through practical exercises and real-world case studies, you will sharpen your analytical skills and gain a nuanced understanding of how to interpret project data effectively to anticipate and mitigate risks.
By the end of the course, you will have a comprehensive grasp of EVM methodologies and the ability to apply them confidently in your projects. Armed with the "early warning" signals of EVM, you will be empowered to predict potential funding needs and proactively manage project deviations, ensuring successful project outcomes every time.
Benefits
Upon completion of the course, participants will:
Understand the fundamental principles of Earned Value Management (EVM) and its role in project management
Develop a Work Breakdown Structure (WBS) to organize project tasks and work packages effectively
Utilize EVM concepts to plan, schedule, and budget authorized work, ensuring alignment with project objectives
Track work package status to obtain cost and schedule variances, enabling early identification of project deviations
Evaluate variances, identify/resolve problems, and forecast future performance to proactively manage project risks
Recognize and comply with DoD requirements and compliance for earned value management (aerospace and defense industry only)
Topics
Introduction to Earned Value Management (EVM)
Work Breakdown Structure (WBS) Development
Planning, Scheduling, and Budgeting Authorized Work
Tracking Work Package Status
Variance Analysis and Problem Resolution
Forecasting Future Performance
Compliance with DoD Requirements (aerospace and defense industry only)
Who Should Attend
This course is ideal for both novice and experienced project managers, as well as professionals involved in project planning, execution, and oversight across various industries. It's particularly beneficial for those working in sectors where project management plays a crucial role, such as construction, engineering, information technology, defense, aerospace, healthcare, telecommunications, energy, and utilities.
