Course Description

The basic concept of EVM is more than a unique project management process or technique. It is an umbrella term for 32 guidelines that define a set of requirements that a contractor’s management system must meet.

Course Objectives

The audience will receive complete understanding of the 32 guidelines in the EIA-748 Standard for EVMS are divided into five sections which are discussed below.

  • Organization 
  • Planning, Scheduling and Budgeting 
  • Accounting Considerations 
  • EVMS Analysis and EVMS Management Reports 
  • Revisions and Data Maintenance
  • Who Should Attend?

    This course is ideal for Project Managers, Program Managers, Project Control Managers, Project Control Engineers, Planners, Schedulers, Cost Engineers, Financial Analysts, Project Estimators, Risk Managers, and anyone involved in the planning, execution, monitoring, and control of projects who needs to implement or work within an Earned Value Project Management System.

    Course Agenda

    Day 1

    • Getting Started
    • Introductions
    • Course structure, goals, and objectives
    • Preliminary topics of Project Management
    • Project works and Operation works
    • Definition of project
    • Triple constraints
    • Project life cycle and its characteristics
    • Stakeholders​
    • Project Scope vs. Product Scope
    • Project Deliverables
    • PMBOK Process group
    • PMBOK Knowledge area
    • Foundation Concepts
    • Introduction to Earned Value Management (EVM)
    • Benefits of EVM
    • EVM Process Overview
    • Applications of EV
    • The Work Breakdown Structure (WBS)
    • Reviewing WBS concepts
    • Reviewing WBS development process (decomposition)
    • Using a WBS to support EVM
    • Define project Organization
    • Different types of Organizational Structure
    • Cost / Control Account
    • Responsibility Assign Matrix

    Day 2

    • Prepare Project Budget
    • Type of Costs
    • Different type of estimation
    • Reserve Analysis
    • Project Budgeting Structure
    • Building a Project Baseline
    • Defining a project baseline
    • Developing a project baseline
    • Using a project baseline
    • Recording Actual
    • Recording actuals overview
    • Collecting data for actual project performance
    • Determining earned value – various method
    • EVM Performance Measures
    • Overview of EVM measures
    • Using current status measures
    • Variance (CV, SV)
    • Performance indices (CPI, SPI)
    • Using forecasting measures
    • Estimate at Completion (EAC)
    • Latest Revised Estimate (LRE)
    • To Complete Performance Index (TCPI)
    • Analyzing EVM measures
    • Responding to Variance
    • Reporting Project Performance
    • EVM reporting overview
    • Meeting EVM reporting needs
    • Addressing EVM reporting challenges

    Day 3

    • Implementing an EVM System (EVMS)
    • Defining EVMS requirements
    • Tailoring the EVMS
    • Project Accounting
    • Preface
    • HR costs Accounting
    • Material and Procurement Accounting
    • Identify and calculate Material cost deviation
    • Identify and calculate Material consumption deviations
    • Identify extraordinary Material wastage
    • LOE activities accounting
    • Monitoring Project
    • Cost Performance Report (CPR)
    • Project Reporting
    • Graphical Reports
    • Control Changes and retain Baselines
    • Maintain Baseline
    • Re-planning
    • Internal changes recording
    • External changes recording

    Assessment Methodology

    All courses conducted by EdTech will begin with a Pre-evaluation and end with a Post-evaluation. The instructor will evaluate the knowledge and skills of the participants according to the feedback given by participants. This will help to recognize the benefits and the level of knowledge gained by participants through the course.

    Training Methodology

    Facilitated by a highly qualified specialist, who has extensive knowledge and experience; this program will be conducted using extensively interactive methods, encouraging participants to share their own experiences and apply the program material to real-life work situations in order to stimulate group discussions and improve the efficiency of the subject coverage.

    Percentages of the total course hour classification are:

    • ​40% Theoretical lectures, Concepts and approach
    • 20% Motivation to develop individual skill and Techniques
    • 20% Case Studies and Practical Exercises
    • 20% Topic General Discussions and interaction

    Course Manual

    Participants will be provided with comprehensive presentation material as reference manual. This presentation material is a compilation of core valuable information, references, presentation methods and inspiring reading which will be used as a part of the material guide.

    Course Certificate

    At the completion of the course, all participants who successfully accomplished the required contact hours will receive an EdTech Training Participation Certificate as a testimony to their commitment to professional development and further education.

    Why Edtech ?

    • Industry Experienced; Internationally Qualified Trainers
    • Hands-on Practical Sessions & Assignments
    • Intensive Study materials
    • Flexible Schedules
    • Realistic training methodology
    • High-Quality Training in Affordable Course Fees
    • Achievement Certificate, as approved by the Ministry of Education (Abu Dhabi Center for Technical and Vocational Education Training - ACTVET), HABC, AWS, IAOSHE, SHRM, etc.