Distance - Earned Value Management (EVM) (18 PDUs)

ARE YOU:

  • Looking for professional development but do not have the time to take off from work?

  • Looking for refresher course on specific engineering topics and cannot find an intensive course to serve your needs?

  • This may be your ideal Professional Development course!

Find out more on how the Professional Development Distance Program may work for you - Click here

Duration:

This course is approximately 4-5 weeks in duration.

Learning Method:

  • The PDDP program is more of a self-guided learning style.

  • You are required to read the notes and materials given, complete the follow-up assignments on your own, send in your questions prior to your 1 hour webinar meeting (if required) and be involved in live discussion via the internet.

  • Once you have completed the course, you will receive a certificate of completion

Course Description:

Earned value management is a powerful control technique to managing a project's baseline schedule and baseline budget. Traditional cost variances are usually computed using two dimensions: budget and actual cost. EVM introduces a third dimension: work performed. With a well defined Work Breakdown Structure (WBS), using EVM techniques, costs can be projected within 10% when only 15 to 20% of the project is completed.

Therefore, if you need to manage your projects, Earned Value provides essential project management metrics that will allow you to very accurately identify where the project is going to complete, and do so very early. Earned Value Management (EVM) is one of the most effective ways to manage project schedule and cost performance for simple and complex projects.

Do you think Earned Value is just for government, aerospace and defense?

Not exactly. Did you know The Walt Disney Company, Siemens, Westinghouse, Honeywell, General Electric, and most Engineering companies use Earned Value?
The Association for the Advancement of Cost Engineering, a professional engineering group, finds Earned Value so useful that it offers certification as an Earned Value Professional.

The PDDP Distance Education program works as follows:

  • Once you register for this course, you will be sent a login username and password for our online distance website.

  • You will receive the course notes in hard copy through the online website, you will receive a set of notes each week covering the course material.

  • A one hour video-conference session will be conducted by your instructor each week (if required). The objective of this session is to assist in solving the assignments, as well as answer student questions that should be sent to instructor early enough prior to the meeting time. In addition with being able to communicate with the instructor, you will also be able to communicate with other students in the same class and watch their questions being answered as well. (A high speed internet connection is strongly recommended for this feature).

  • Each set of exercises can be completed and submitted by the indicated date and your completed exercise will be marked online and and returned by your instructor.

  • To gain the most from your course, it is highly recommended that you participate fully in all discussions and exercises. Please remember that each course has a form of quiz or exercise at the end to test your understanding of the material. You will be informed of these dates when you receive the course schedule.

*Course commencement date is subject to instructor availability.

Introduction to Earned Value Management (EVM)

  • EVM Concepts and Principles
  • Performance Measurement using EVM
Scope Management
  • Scope Definition
  • Proper Packaging of Projects’ Scope
  • Work Breakdown Structure (WBS) and WBS Dictionary
  • Case Study

Organization Management

  • Assigning Who is Responsible for What
  • Projects’ Organization Breakdown Structure (OBS)
  • Projects’ Responsibility Assignment Matrix (RAM)
  • Case Study

Time Management

  • Introduction to Scheduling using WBS, Activity Codes and Critical Path Method (CPM)
  • Defining Projects’ Baseline Schedules
  • Schedule Control using Schedule Performance Index (SPI)
  • Case Study

Cost Management

  • Introduction to Cost Estimating and Control
  • Cost Estimating using WBS and Cost Breakdown Structure (CBS)
  • Defining Projects’ Cost Baselines (Project’s Budget)
  • Cost Control using Cost Performance Index (CPI)
  • Case Study

Integrating Time and Cost Management

  • Resource Loading the Baseline Schedule using the Resources Breakdown Structure (RBS)
  • Projects’ Cashflow
  • Defining Projects’ Contingency
  • Case Study

Change Management

  • Updating Schedule and Cost Baselines
  • Updating Resource Profiles and Cashflow
  • Performance Improvement and Corrective Actions
  • Case Study

GIC reserves the right to cancel or change the date or location of its events. GIC's responsibility will, under no circumstances, exceed the amount of the fee collected. GIC is not responsible for the purchase of non-refundable travel arrangements or accommodations or the cancellation/change fees associated with cancelling them. Please call to confirm that the course is running before confirming travel arrangements and accommodations. Please click here for complete policies.

This is a Professional Development Distance Program course. These are open to a start date after you register, not scheduled for a specific date.

We could offer any of our courses at a location of your choice and customized contents according to your needs, please contact us at : inhouse@gic-edu.com or click here  to submit an online request.


Course Materials

Each participant will receive a complete set of course notes and handouts that will serve as informative references.

$1,345

Need a Government Grant?

Jumpstart your training with the help of Global Innovative Campus (GIC-Canada) & the Canada Job Grant.

Seminars and Workshops offered within your organization anywhere in the world.

Offline Registration

To Register by fax, download and fill our registration form, then fax it to (888) 849-4871. Mail your cheque to our address.

If you have a question regarding this course, please click here to contact us.
Share
On-Site Training

This course can be customized and delivered on-site at your facility.

Stay on top of your profession development with useful articles and industry updates Subscribe