Earned Value Management
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 the method, you can assess both financial health and the progress of 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 module is part of the specialisation Cost of the Project Controls Programme.
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 and the measures taken in classroom training in the case of Corona.
- 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 predict further project progress
- Organisational processes required for EVM
No specific knowledge is required for this training module. A general background in project management (the Foundation) and experience in a planning tool is recommended. This module connects well with the 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.
- 17-03-2021 - Leixlip (English)
- 09-06-2021 - Leixlip (English)
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
Marijn van Essen MSc
drs. Euan Samuels Brusse
Blogs on this topic
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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