Earned Value Management System
overview
What is earned value management (EVM)? 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. The objectives of an EVMS are to:
- Relate time phased budgets to specific contract tasks and/or statements of work.
- Provide the basis to capture work progress assessments against the baseline plan.
- Relate technical, schedule, and cost performance.
- Provide valid, timely, and auditable data/information for proactive project management analysis and action.
- Supply managers with a practical level of summarization for effective decision making.
course details
| COURSE DURATION | LANGUAGE | CERTIFICATE |
| 2 Days | English | DISS Certificate |
| *Please notify us if an interpretation is required |
course benefits/progression opportunities
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
course outline
| Day 1 | Day 2 |
Getting Started
Foundation Concepts
The Work Breakdown Structure (WBS)
Building a Project Baseline
| Recording Actuals
EVM Performance Measures
Reporting Project Performance
Implementing an EVM System (EVMS)
|
Course methodology
The format of the Three-day workshop is a series of brief lectures followed by discussion and hands-on exercises. Case studies and real-life examples are used to illustrate success and failure
| COURSE TYPE: CLASSROOM | |
| DATE | TIME |
| 28 Oct 2020 | 8:00 – 14:00 (QATAR) |
| 9:00 – 15:00 (OMAN) | |
TESTIMONIAL
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Meet THE INSTRUCTORS
Instructor Name
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Instructor Name
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