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Earned Value™ Management Foundation & Practitioner Overview
Earned Value™ Management Foundation and Practitioner Training 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
- 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
Module 4: Overview of Earned Value Management
- What is Earned Value Management (EVM)?
- Four Key Data Elements
- Designing an Earned Value Management System
- Factors to Take into Account
- Evaluating the Project Controls Environment
- Defining the Target Level of Implementation
- Defining an Appropriate Change Plan
- Communications Strategy and Infrastructure
Module 5: Definition
- Foundations of Definition
- Statement of Work
- Communicating the WBS
- Control Account Managers
- Managing a Control Account
- Responsibility Assignment Matrix
- Integration of Sub-Contract Management
- Flow-Down to Sub-Contractors
- Flow-Down of Scope to Control Accounts
- Risk, Uncertainty, Complexity, and Novelty
- Define Clear Deliverables
- Develop a WBS
Module 6: Planning
- Foundations of Planning
- Performance Management Baseline
- Principles of Risk Planning
- Earned Value Techniques
- Validity and Effectiveness
Module 7: Data Collection
- Foundations of Data Collection
- Using Estimated Actuals
- Data Collection Requirements
- Verify, Validate, and Reconcile Data Integrity
Module 8: Analysis, Review, and Action
- Foundations of Analysis, Review, and Action
- Reporting Graphs
- Estimates at Completion
- Simple Tests of Reasonableness
- Earned Value Variances and Indices
- Earned Value Reports
- Defining Appropriate Variance Thresholds
- Independent Estimate at Completion (IEAC)
- Identifying Likely Causes
- Selecting Appropriate Courses of Action
Module 9: Change Management
- Maintaining Integrity
- Types of Baseline Change
- Use of Management Reserve
- Impact of Changing Baselines
- Change Process
Module 10: Risk Management
- Foundations of Risk Management
- Setting the PMB
- Establishing Management Reserve
- Predicting Project Performance
- Project Changes
- Effectiveness
Module 11: System Review
- Foundations of Systems Review
- Benefits of a System Review
- IBR Process
- IBR Issues and Effectiveness
- Demonstration Review Process
- Demonstration Review Issues and Effectiveness
- Surveillance Review Process
- Surveillance Review Issues and Effectiveness
- Effectiveness of System Review Regime
Module 12: Learning from Experience
- Sources of Learning from Experience
- Conducting LFE Review
- Handover of Project Deliverables
- Metrics
- Reviewing, Classifying, and Prioritising LFE
- Possible Recommendations
- Planning Communications
- Selecting and Matching Experience
- Project Closedown Process
- Effectiveness of Learning from Experience
Who should attend this Earned Value™ Management Foundation & Practitioner Course?
This Earned Value™ Management Foundation & Practitioner Course provides foundational and advanced knowledge in the methodology used to measure and communicate the real physical progress of a project considering the work completed, the time taken, and the costs involved. The following professionals can benefit from attending this course:
- Project Managers
- Project Control Managers
- Finance Professionals
- Project Management Office (PMO) Professionals
- Portfolio Managers
- EVM Analysts
- Programme Managers
Prerequisites of the Earned Value™ Management Foundation & Practitioner Course
There are no formal prerequisites for attending this 4-day Earned Value™ Management Foundation & Practitioner Training Course. However, delegates must pass the Foundation examination before completing the Practitioner section of the course.
Earned Value™ Management Foundation and Practitioner Training Course Overview
Earned Value™ Management is a widely used management practice employed by organisations to accurately determine the progress and performance of projects. This approach assists with the amalgamation of project scope, time, and cost targets and the formation of a baseline plan for performance measurement.
This Earned Value™ Management Foundation and Practitioner course combines the content of the Foundation level and Practitioner level courses into one condensed 4-day course. The course begins by providing candidates with a foundational understanding of the primary concepts, benefits, principles, and processes of Earned Value™ Management. This basic knowledge will be beneficial when moving on to examine the use of Earned Value™ Management in a business environment. The Practitioner segment of the course focuses on this, and delegates will learn how to tailor and practically apply Earned Value™ Management approaches to specific workplace scenarios.
Therefore, by the completion of the course, candidates will have a comprehensive understanding of this management practice and will be competent users of Earned Value™ Management. Additionally, they will have the capability to develop the skills needed to tailor Earned Value™ Management to their specific projects, provided the correct procedures are followed.
APMG International Earned Value™. APMG International Earned Value is a trademark of The APM Group Limited. All rights reserved.
What’s included in this Earned Value™ Management Foundation & Practitioner Course?
- Earned Value™ Management Foundation Exam
- Earned Value™ Management Practitioner Exam
- World-class training sessions from Experienced Instructors
- Earned Value™ Management Foundation Certificate
- Earned Value™ Management Practitioner 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
Earned Value™ Management Practitioner Exam Information
The Earned Value™ Management Practitioner Exam evaluates proficiency in applying EVM principles and techniques for project performance control. The Earned Value™ Management Practitioner exam format is:
- Question Type: Objective Testing
- Total Questions: 4 (each question is worth 20 marks)
- Total Marks: 80 Marks
- Pass Mark: 50%, or 40/80 Marks
- Duration: 3 Hours
- Open Book/Closed Book: Open 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 & Practitioner. 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 & Practitioner, 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.
Experience the most sought-after learning style with The Knowledge Academy's Earned Value™ Management Foundation & Practitioner. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Earned Value™ Management Foundation & Practitioner sessions.
Highly experienced trainers
Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience
State of the art training venues
We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible
Small class sizes
Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment
Great value for money
Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value
Streamline large-scale training requirements with The Knowledge Academy’s In-house/Onsite Earned Value™ Management Foundation & Practitioner at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.
Tailored learning experience
Leverage benefits offered from a certification that fits your unique business or project needs
Maximise your training budget
Cut unnecessary costs and focus your entire budget on what really matters, the training.
Team building opportunity
Our Earned Value™ Management Foundation & Practitioner offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings
Monitor employees progress
The course know-how will help you track and evaluate your employees' progression and performance with relative ease
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 & Practitioner FAQs
Earned Value™ Management Foundation & Practitioner certification equips professionals with the skills to effectively manage and control projects using Earned Value Management techniques, ensuring project performance aligns with planned objectives and financials.
Yes, The Knowledge Academy are 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.
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 and Practitioner certification is valid indefinitely, meaning that once the examination is passed, the qualification will not go out of date.
Taking the Earned Value™ Management Foundation & Practitioner Training equips delegates with the skills to effectively manage project performance, ensuring projects stay on time and within budget. It enhances career prospects by providing recognised expertise in project control.
The Earned Value™ Management Foundation & Practitioner Certification aims to equip professionals with the skills to effectively manage project performance, ensuring projects are completed on time and within budget by integrating cost, time, and scope management techniques.
The Earned Value™ Management Foundation & Practitioner Certification Course is designed to be accessible yet challenging, requiring delegates to grasp both fundamental concepts and advanced applications. It is suitable for professionals with some project management experience.
There are no formal prerequisites for attending this 4-day Earned Value™ Management Foundation & Practitioner Training Course. However, delegates must pass the Foundation examination before completing the Practitioner section of the course.
Holding the Earned Value™ Management Foundation & Practitioner Certification signifies a strong understanding of project performance measurement techniques. It equips professionals with the skills to manage projects effectively, ensuring alignment with scope, schedule, and cost objectives.
This course takes 4 days to complete during which delegates participate in intensive learning sessions that cover various course topics.
Which individuals or roles require Earned Value™ Management Foundation & Practitioner Certification?
The Earned Value™ Management Foundation & Practitioner Certification is essential for project managers, planners, and cost controllers who are responsible for project performance and ensuring that assignments stay on schedule and within budget.
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 & Practitioner Training, you'll learn to apply Earned Value Management techniques to monitor project performance, analyse variances, and forecast outcomes, enabling effective decision-making and improved project control.
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.
These Earned Value™ Management Foundation & Practitioner Training Courses are ideal for Project Managers, Planners, and professionals involved in project control and monitoring who seek to enhance their skills in effectively managing project performance, costs, and schedules.
Yes, we provide corporate training for this course, tailored to fit your organisation’s requirements.
Completing the Earned Value™ Management Foundation & Practitioner Course can guide to roles such as Project Manager, Cost Engineer, or Program Analyst, where you’ll apply EVM techniques to monitor project performance, control costs, and ensure project success.
The Earned Value™ Management Foundation & Practitioner Training Course requires no formal requirements, making it accessible to individuals at various experience levels.
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 & Practitioner Course equips you with essential skills to manage projects effectively by integrating cost, time, and performance data. It improves your ability to make informed decisions and ensures project success.
After completing the Earned Value™ Management Foundation & Practitioner Training Course, you should apply your skills in real-world projects to solidify your understanding. Consider advancing to more specialised project management certifications to enhance your career further.
Registering for the Earned Value™ Management Foundation & Practitioner Training requires no prior certification. The course is designed for individuals at various levels and provides comprehensive knowledge and skills in managing projects using earned value techniques.
A background in other Earned Value Management courses is not necessary to take the Earned Value™ Management Foundation & Practitioner Training. The course is designed to provide comprehensive knowledge from the basics to advanced concepts, suitable for all levels.
The training fees for Earned Value™ Management Foundation & Practitionerin Venezuela starts from $6995
The Knowledge Academy is the Leading global training provider for Earned Value™ Management Foundation & Practitioner.
Please see our Earned Value™ Management courses available in Venezuela
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
Earned Value™ Management Foundation & Practitioner in Venezuela
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