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Earned Value Management Foundation & Practitioner


Overview

Earned Value Management (EVM) is a project control process based on a structured approach to planning, cost collection and performance measurement. It facilitates the integration of project scope, time and cost objectives and the establishment of a baseline plan for performance measurement. The establishment of a Performance Measurement Baseline (PMB) is essential to conducting successful EVM and consists of:

  • Defined scope and assumptions
  • Activities scheduled in logical sequence
  • Resources / costs (labour and materials)

 

 
Course Content

Benefits for Individuals

  • Enhance tracking, monitoring and project and financial management skills.
  • Facilitate the integration of project scope, time and cost objectives and the establishment of a baseline plan for performance measurement.
  • Demonstrate to stakeholders whether or not they are getting value for money and make suggestions as to how value can be increased.
  • Provide an objective measurement of what has been achieved on a project in relation to cost, scope and timescales.

Benefits for Organizations

  • Apply to a wide range of projects regardless of size and complexity.
  • Identify the value of what will be delivered from a project and track progress.
  • Build on and enforce superior project management practice and underpin good corporate governance. Introduction of EVM can drive the cultural and organizational change key to supporting these objectives.
  • Provide project management information in a format that is easy for all stakeholders to understand and act upon

 

 
Course Dates

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