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Earned Value™ Management Foundation Overview
Earned Value™ Management Foundation Course Outline
Module 1: Introduction to Earned Value Management
- What is Earned Value Management (EVM)?
- Why Use EVM?
- What Does EVM Require?
- Key Data Elements
- Reporting Graphs
Module 2: EVM Process
- Definition of Scope
- Requirements and Key Deliverables
- Work Breakdown Structure (WBS)
- WBS Dictionary
- Organisational Breakdown Structure (OBS)
- Responsibility Assignment Matrix (RAM)
- Subcontract Management
- Exercises
- Planning
- Foundations of Planning
- Attributes of Work Packages
- Schedule
- Hierarchy of Schedules
- Setting a Budget
- Objective Measures of Progress
- Earned Value Techniques
- Baselining the Project
- Data Collection
- Measuring Costs and Committed Costs
- Analysis Review and Action
- Schedule Status
- Calculating and Reporting Earned Value
- Reporting Graphs
- Variance Thresholds
- Performance Trend Charts
- Estimates at Completion
- Simple Tests of Reasonableness
- TCPI
- Checking Forecast Costs and Dates
- Change Management
- Maintaining Integrity
- When to Make Changes
- Risk Management
- Benefits of Risk Management
- Integrating Risk Management with EVM
Module 3: EVM System Review
- Benefits of a System Review
- Categories of System Review
- EVM Reviews
Who should attend this Earned Value™ Management Foundation Course?
This Earned Value™ Management Foundation Training Course in the United States provides delegates with a basic understanding of the Earned Value Management (EVM) methodology, its principles, and basic practices. This course is beneficial to a variety of professionals, such as:
- Project Managers
- Project Control Professionals
- Cost Engineers
- Quality Assurance Professionals
- Risk Managers
- Business Analysts
- EVM Analysts
Prerequisites of the Earned Value™ Management Foundation Course
There are no formal prerequisites for attending this Earned Value™ Management Foundation Training Course.
Earned Value™ Management Foundation Course Overview
Earned Value Management (EVM) in the United States is a Project Management approach fully integrated with scope, cost, and schedule parameters of the project, to measure the project performance and progress. Accurate project outcome prediction and successful delivery of the project within the time-bound and budgeted cost lie in the adoption of Earned Value Management.
EVM thus becomes a tool without which any Project Manager, cost estimator, or any professional of the trade can't do. Professionals in the field have to be the masters of EVM techniques, which will make them use informed decisions, foreseeing the possible budget and schedule overruns by taking timely corrective actions toward their strategic goals.
This 2-day training in the United States developed by Knowledge Academy provides delegates with the necessary knowledge and skills required in Earned Value Management. Delegates in the United States will leave with the competence to apply Earned Value Management principles in real projects, conceptual learning, and practical exercises that will translate into improved ability to manage effective project performance and deliverables.
Course Objectives
- To introduce the fundamental principles and components of Earned Value Management
- To equip delegates with the knowledge to implement EVM in project planning and execution
- To provide insights into the integration of EVM with other project management methodologies
- To prepare delegates for effectively managing and controlling project scope, schedule, and costs
- To enhance the ability of delegates to forecast project performance and identify potential issues early on
Upon completion of this course in the United States, the delegates from various project-relevant fields will have equipped themselves with knowledge in Earned Value Management to enhance success in project delivery. This prepares them well, should they be able to apply techniques of EVM in the monitoring and controlling of project performance, and hence adds great value to their organisation.
What’s included in this Earned Value™ Management Foundation Course?
- Earned Value™ Management Foundation Exam
- World-Class Training Sessions from Experienced Instructors
- Earned Value™ Management Foundation Certificate
- Digital Delegate Pack
Earned Value™ Management Foundation Exam Information
The Earned Value™ Management Foundation Exam evaluates comprehension of Earned Value Management (EVM), a project management technique that measures performance by integrating scope, cost, and schedule. The Earned Value™ Management Foundation exam format is:
- Question Type: Multiple Choice
- Total Questions: 40
- Total Marks: 40 Marks
- Pass Mark: 65%, or 26/40 Marks
- Duration: 60 Minutes
- Open Book/Closed Book: Closed Book
- Note: Use of a simple calculator is permitted
Why choose us
Ways to take this course
Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Earned Value™ Management Foundation. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.
Live classes
Join a scheduled class with a live instructor and other delegates.
Interactive
Engage in activities, and communicate with your trainer and peers.
Global Pool of the Best Trainers
We handpick from a global pool of expert trainers for our Online Instructor-led courses.
Expertise
With 10+ years of quality, instructor-led training, we equip professionals with lasting skills for success.
Global Reach
With classes running in all timezones, access any of our courses and course material from anywhere, anytime.
Unlock your potential with The Knowledge Academy's Earned Value™ Management Foundation, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.
What our customers are saying
Pradeep was excellent. He really is a subject matter expert; he kept the team engaged and gave plenty of opportunities to check understanding and challenge the answers. I have two other members of the team to do this training course, and I really hope Pradeep will be running it.
Blake Lily
Easy to communicate with. Great presenter - good material shared
Kristian Roebuck
Trainer was very helpful and openly discussed issues I had with aspects of the course
Hugh Connell
Earned Value™ Management Foundation FAQs
Earned Value™ Management Foundation is a project management methodology that integrates scope, cost, and schedule to assess project performance and progress. It provides a framework for measuring project health and forecasting future performance effectively.
Yes, The Knowledge Academy is accredited by APMG-International, for all our Earned Value Management Training courses. APMG-International is one of the leading examination institutions, ensuring that you attain a quality certification.
The Earned Value Management Foundation certification is valid indefinitely, meaning that once the examination is passed, the qualification will not go out of date.
The Earned Value™ Management Foundation Training equips professionals with essential skills to effectively monitor project performance and ensure tasks are delivered on time and within budget. This training enhances career prospects by providing a solid understanding of EVM principles.
The Earned Value™ Management Foundation Certification aims to equip professionals with the skills to manage projects effectively by integrating scope, time, and cost data. It focuses on ensuring assignments are completed on time, within budget, and to the required quality standards.
This course takes 2 days to complete during which delegates participate in intensive learning sessions that cover various course topics.
There are no formal prerequisites for attending this Earned Value™ Management Foundation Training Course.
Holding the Earned Value™ Management Foundation Certification signifies proficiency in managing projects with a focus on performance measurement. It demonstrates the ability to integrate project scope, cost, and schedule to assess project progress and ensure successful outcomes.
In this training course, delegates will have intensive training with our experienced instructors, a digital delegate pack consisting of important notes related to this course, and a certificate after course completion, ensuring you gain practical experience and in-depth knowledge of Earned Value™ Management.
The Earned Value™ Management Foundation Certification Course is designed to be accessible. It offers a complete introduction to the principles and techniques of earned value management. It’s suitable for beginners with no prior experience, ensuring a solid foundational understanding.
The Knowledge Academy provides flexible self-paced training for this course. Self-paced training is beneficial for individuals who have an independent learning style and wish to study at their own pace and convenience.
Completing the Earned Value™ Management Foundation Course can open opportunities in project management, particularly in roles like Project Control Analyst, Cost Engineer, and Project Manager, where expertise in tracking project performance and managing budgets is essential.
Yes, we provide corporate training for this course, tailored to fit your organisation’s requirements.
Individuals or roles involved in project management, such as project managers, analysts, and planners, benefit from the Earned Value™ Management Foundation Certification. It equips them with essential skills to effectively monitor project performance, control costs, and manage risks.
Yes, The Knowledge Academy offers 24/7 support via phone & email before attending, during, and after the course. Our customer support team is available to assist and promptly resolve any issues you may encounter.
In the Earned Value™ Management Foundation Training, you'll learn the principles and application of Earned Value Management (EVM), including how to measure project performance, forecast outcomes, and use EVM techniques to control and improve project delivery.
The Earned Value™ Management Foundation Training Course is ideal for Project Managers, Planners, and Financial Analysts who seek to enhance their understanding of project performance measurement and ensure project completion on time and within budget.
If you are unable to access your training course, contact the support team at The Knowledge Academy via their customer service email or phone number provided on their website for prompt assistance and resolution of your issue.
Taking the Earned Value™ Management Foundation Course equips you with essential skills to effectively manage project performance, ensuring timely and budget-compliant delivery. It provides a structured approach to control costs, schedule, and scope, enhancing project success.
The Earned Value™ Management Foundation Training Course qualification requires delegates to have a basic understanding of project management principles. It’s ideal for those seeking to enhance their project performance measurement and control skills.
After completing the Earned Value™ Management Foundation Training Course, consider advancing your expertise by pursuing higher-level certifications or specialised courses to deepen your understanding and application of earned value management principles in complex projects.
No prior certification is required before registering for the Earned Value™ Management Foundation Training. The course is designed to provide a comprehensive introduction, making it accessible to individuals at all levels, regardless of their previous experience.
No prior background in other Earned Value Management courses is necessary to take the Earned Value™ Management Foundation Training. The course is designed to provide a comprehensive introduction, making it accessible to beginners and those new to the subject.
The training fees for Earned Value™ Management Foundationin the United States starts from $4995
The Knowledge Academy is the Leading global training provider for Earned Value™ Management Foundation.
Please see our Earned Value™ Management courses available in the United States
Why choose us
Best price in the industry
You won't find better value in the marketplace. If you do find a lower price, we will beat it.
Trusted & Approved
Our Earned Value Management courses are fully accredited by APMG.
Many delivery methods
Flexible delivery methods are available depending on your learning style.
High quality resources
Resources are included for a comprehensive learning experience.
"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"
Joshua Davies, Thames Water
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