ABOUT:
Earned Value Management EVM® harmonizes schedule, costs, and scope to gauge project performance, predicting and allowing adjustments for future project trajectories. It combines essential project management aspects—scope, time, and costs—providing accurate forecasts of potential performance challenges.
Research highlights EVM’s profound impact on planning, control, and project success prediction.
Originally prominent in government contracting, its influence now spans various sectors, aiding in contract disputes and enhancing overall project outcomes. EVM® stands as a pivotal methodology in modern project management, enabling comprehensive oversight for successful project delivery.
CERTIFICATION BODY: Association for the Advancement of Cost Engineering (AACEI®).
LEARNING OBJECTIVES:
- Understanding Performance Metrics and Analytical Tools: Participants will grasp the significance of robust performance metrics and analytical tools that play a pivotal role in defining and achieving project goals and objectives.
- Reporting Progress and Project Status: Through this training, individuals will acquire the skills and techniques required to efficiently report on project progress and status, ensuring clear and effective communication of project developments.
- Implementation of EVM Practices: The program will equip participants with comprehensive insights into implementing Earned Value Management (EVM®) practices. They will gain hands-on experience and knowledge crucial for effectively utilizing EVM® methodologies in project management, fostering better decision-making and project success.
EXAM INFORMATION :
- Examining Authority: AACE International
- Question Format: 119 simple, multiple-choice, compound, and scenario-based questions + 1 memo writing assignment
- Question Type: Multiple Choice Questions (MCQs) and Memo Writing Task
- Duration: 5-hour maximum
- Venue: Prometric Centre in Knowledge Village, Dubai
- Question Duration: 5 hours
- Memo Writing Assignment: Response to a provided scenario, written in an onscreen text box
- Accessibility: Closed Book Exam
RE CERTIFICATION:
- Recertification by Exam or Recertification by CEUs
- 12 CEUs
- 3 Yrs. Validity
For More Information
Curriculum
- 1 Section
- 22 Lessons
- 24 Hours
- CONTENT:22
- 1.1Introduction
- 1.2Project Management
- 1.3The Basics of Earned Value
- 1.4Earned Value Metrics
- 1.5The Earned Value Management Systems
- 1.6Project Plan
- 1.7The Organization
- 1.8The Schedule
- 1.9The Budget
- 1.10Project Status
- 1.11Tracking Performance
- 1.12Reporting Variances
- 1.13Project Changes and Termination
- 1.14Time for a Change
- 1.15Project Termination
- 1.16Earned Value Implementations
- 1.17Implementing EVMS
- 1.18Government Contracts
- 1.19Emerging Practices
- 1.20Earned Schedule
- 1.21Critical Chain Project Management
- 1.2232 Guidelines
Requirements
- 8 years’ industry related experience
- 4 years’ industry related experience + 4-year industry related college degree
- Adherence to AACE’s Canons of Ethics
Target audiences
- Project Cost Control Manager
- Cost Control Engineer / Cost Estimator
- Contract Manager / Administrator
- Quantity Surveyor / Estimators
- Project Manager / Engineers
- Cost Analysts
- Project Coordinators