The Value of Earned Value Management for Cost Control

Contact PI


  • Virtual Classroom

  • Onsite
Duration: 1 Day

Earned value management (EVM) is a system of accounting for time, scope, and cost in a way that ensures all three constraints are being properly monitored and controlled. Using EVM gives you a clear picture of where your project is, compared to where it's supposed to be. In this short course, you'll learn the value of EVM for managing project costs, along with easy steps for applying EVM to your project plans so you can determine your progress.

Virtual short courses do not include materials or headsets.

What You Will Learn

  • EVM fundamentals
  • EVM cost requirements
  • Measurement methods
  • Monitoring performance
  • Cost performance index
  • Forecasting techniques

Audience

PMP-certified project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, program managers, project sponsors, and project team members who want to continue to develop their skills and renew their PMP certification.

Prerequistes

Course Outline

1. Definitions

2. EVM as a Cost Control System

3. Methods for Planning and Measuring Progress

4. EVM and Project Planning

5. Value of EVM

Course Labs