What you will learn in the EVM Course?
It is designed for Project Managers, managers, department heads, and others who need a better understanding of the elements of EVM.
- What is Earned Value Management
- Benefits of Earned Value Management
- Using Performance Measurements
- Basic requirements for Earned Value System
- Data Collection
- Analysis, Review and Action
- Change Management
- Risk Management
- Integrated Baseline Review
- Demonstration Review
- Glossary of Terms
- Earned Value Management Guidelines
- Earned Value Formulas
- EVM Sample Tests
- EVM mock exam dumps
- - Project cost management
EARNED VALUE FOUNDATION CERTIFICATION QUALIFICATION
The Foundation level course provides a comprehensive overview to EVM terminology and methods. It is designed for Project Managers, managers, department heads, and others who need a better understanding of the elements of EVM. The Foundation exam tests the candidate’s knowledge of Earned Value terminology.
APM Guidelines book on Earned Value Management is the course reference book.
APMG Earned Value Management CERTIFICATION EXAM STRUCTURE
- Multiple Choice
- 40 questions per paper
- 26 marks required to pass (out of 40 available) – 65%
- 60 minutes duration
- Closed book (simple calculator)
Why ProjectingIT for Earned Value Management Training Course?
ProjectingIT is an APMG accredited training organisation [ATO]. We are the first accredited training organisation for Earned Value Management Qualification. ProjectingIT also offers expert consulting and trainings in implementing and using EVM as a practice. We offer help in using Microsoft Project, Microsoft Project Server, Sharepoint, Microsoft Excel, Formulas, Tools and Techniques to help organisation for using EVM Analysis technique.
PMBOK uses EVM technique in Project Cost Management and the PMI PMP exam also has a syllabus and questions on EVM Formulas.
Recommended Reading and Official Earned Value Management EVM Manual
- Check your EVM results in the Successful Candidate Register http://www.apmg-international.com/SCRQuery.aspx?exam=evm
- For more information on EVM Certification refer to APMG site http://www.apmg-international.com/home/Qualifications/EVMQuals.aspx
projectingIT has a wide range of Project Management training and certification courses offered by APMG. You can choose from PRINCE2 Foundation and Practitioner, ITIL, Agile Project Management, Earned Value Management, Managing Successful Programmes, Change Management amongst other popular certifications across the industry. ProjectingIT has the best industry pass rate in the certification exams and offers very interactive, engaging and involving trainings at affordable rates in India and in other countries. You can choose the learning style from classroom courses, online self paced training, eLearning and blended learning models.
projectingIT have experienced trainers who are expert APMG accredited certified Earned Value Management trainers and practitioners themselves and have lived the life. The course is very interactive and engages participants through discussion, project case studies, workshops and techniques.
ProjectingIT delivers the highest number of trainings, best leading trainers in the online and classroom format with an excellent feedback. The trainings are provided across industry sectors and domains including power, IT, Finance, Engineering, Manufacturing, Aviation, Education, Automative, Textile, Construction, Oil and Gas, Government sectors. projectingIT’s online and eLearning Virtual classes are considered as the best, highest quality but at the best affordable low cost pricing.
EVM ANALYSIS Certification Training Course EXAM Location in INDIA:
projectingIT offers support to help you prepare for the course through open workshops, ONLINE ELEARNING classes and customized courses for in-house corporate customers. You can choose to attend the course from following locations:-
For EARNED VALUE MANAGEMENT Certification Course in London, Birmingham, Manchester, Glasgow, Oxford, Leeds, Liverpool, Chester, Southampton UK – please write to us on firstname.lastname@example.org
EVM EARNED VALUE MANAGEMENT Certification – classroom add-on training course available in Course City:-
- Mumbai – Navi Mumbai, Andheri – Hotel VITS
- Pune – Koregaon Park, Deccan
- Bangalore – Hotel Solitaire, Race Course Road, Bengaluru
- Chennai – T Nagar
- Hyderabad – Amir Peth
- Kolkata – Salt Lake City
- Delhi – Hotel Rockland
- Gurgaon in NCR
- Noida in NCR
Alternatively, you can take the course through online, elearning, virtual live classroom training in a self paced distance learning format. This offers more flexibility and affordable costs. We provide PDU for this course.
ProjectingIT also offers a customized training course for those who would like to take a hands-on real time experience using software tools, techniques, discussion and interaction and would like to get an experience beyond the certifications. Contact email@example.com now to know about the Real World EVM course!
For free access to our earned value management tutorial contact us
Schedule and cost variances and performance indicators are defined mathematically as follows:
Schedule variance (SV) = Earned value (EV) – Planned value (PV)
Cost variance (CV) = Earned value (EV) – Actual cost (AC)
Schedule performance index (SPI) = Earned value (EV) / Planned value (PV)
Cost performance index (CPI) = Earned value (EV) / Actual cost (AC)
KEY EVM TERMS AND DEFINITIONS
Planned value (PV): The approved budget for the work scheduled to be completed by a specified date; also referred to as the budgeted cost of work scheduled (BCWS). The total PV of a task is equal to the task’s budget at completion (BAC) — the total amount budgeted for the task.
Earned value (EV): The approved budget for the work actually completed by the specified date; also referred to as thebudgeted cost of work performed (BCWP).
Actual cost (AC): The costs actually incurred for the work completed by the specified date; also referred to as the actual cost of work performed (ACWP).
Schedule variance (SV): The difference between the amounts budgeted for the work you actually did and for the work you planned to do. The SV shows whether and by how much your work is ahead of or behind your approved schedule.
Cost variance (CV): The difference between the amount budgeted and the amount actually spent for the work performed. The CV shows whether and by how much you’re under or over your approved budget.
Schedule performance index (SPI): The ratio of the approved budget for the work performed to the approved budget for the work planned. The SPI reflects the relative amount the project is ahead of or behind schedule, sometimes referred to as the project’s schedule efficiency. You can use the SPI to date to project the schedule performance for the remainder of the task.
Cost performance index (CPI): The ratio of the approved budget for work performed to what you actually spent for the work. The CPI reflects the relative value of work done compared to the amount paid for it, sometimes referred to as the project’s cost efficiency. You can use the CPI to date to project the cost performance for the remainder of the task.