Cost Control: EVM - Turn the lights on

Course details

Course Topics:

šProject Control / šPerformance M. Baseline / šWBS & Control Accounts / šConcept of Cost Control/ šWhy Earned Value? / Earned Value Analysis Earned Schedule / šSchedule Total Float / Quantity Adjusted Budget / Tricky or Misleading / šEarned Value Techniques Robust Reporting & Actions

هذه الدورة تشمل مراجعة المستوى الاساسي مع معلومات المستوى المتقدم والتي تساعدك على أن تكون جاهزا لتناول المواد الخاصة بالشهادات العالمية الاحترافية للقيمة المكتسبة - أقوى طريقة للتحكم في التكاليف

الدورة الاساسية متاحة أيضا في روابط داخل الدورة

Earned value management is a project management technique for measuring project performance and progress. It has the ability to combine measurements of the PROJECT MANAGEMENT TRIANGLE:

• Scope
• Time
• Costs

References:

1- A GUIDE TO THE PROJECT MANAGEMENT BODY

 OF KNOWLEDGE (PMBOK® Guide) – Fifth Edition.

2- Practice Standard for EARNED VALUE MANAGEMENT – PMI Global STANDARD.

3- EARNED VALUE Project Management - QUENWT. FILEMNING and JOEL M. KOPPELMAN.

4- Skills & Knowledge of Cost Engineering – AACE International.

5- EARNED VALUE MANAGEMENT APM GUIDELINE FOR THE UK.

6- Earned Value Professional (EVP) Certification Study Guide– AACE International.

7- CMPC Course Material – Construction Management Planning & Control (Prof.Planner).

8- Construction Project Scheduling and Control - Saleh Mubarak.

9- Project Management, Planning, and Control - Albert Lester.

10- Other posts and slide-shares from internet.

In a single integrated system, Earned Value Management is able to provide accurate forecasts of project performance problems, which is an important contribution for project management.

Early EVM research showed that the areas of planning and control are significantly impacted by its use; and similarly, using the methodology improves both scope definition as well as the analysis of overall project performance. More recent research studies have shown that the principles of EVM are positive predictors of project success. Popularity of EVM has grown in recent years beyond government contracting, a sector in which its importance continues to rise, in part because EVM can also surface in and help substantiate contract disputes.