Earned Value Management (evm) Training Course For Engineers

Introduction

In the intricate world of engineering projects, robust Earned Value Management (EVM) is the gold standard for integrated project performance measurement, crucial for controlling costs, tracking schedules, and ensuring successful delivery. This essential training course is meticulously designed to equip engineering professionals, project managers, and cost controllers with the specialized skills and strategic insights required to effectively implement and leverage EVM principles on complex projects. Participants will gain a robust understanding of key EVM metrics, learn to forecast project outcomes, identify performance deviations early, and make proactive decisions that keep projects on track and within budget. Our comprehensive curriculum emphasizes hands-on application, best practices, and real-world scenarios pertinent to the diverse infrastructure, manufacturing, and energy sectors in Kenya, empowering you to optimize project performance.

This engineering project control course is crucial for organizations in Kenya striving for enhanced project predictability, financial discipline, and efficient resource utilization. Mastering cost performance indexing (CPI), implementing schedule performance indexing (SPI), and understanding variance analysis are indispensable skills for mitigating budget overruns, accelerating delivery, and achieving strategic objectives. This program offers an unparalleled opportunity to elevate your expertise in project performance measurement and forecasting engineering project costs, positioning your organization as a leader in data-driven project management and driving sustainable economic growth across East Africa.

Target Audience

• Project Engineers
• Project Managers
• Project Control Engineers
• Cost Controllers
• Quantity Surveyors
• Financial Analysts (involved in projects)
• Engineering Management Professionals

Course Objectives

• Understand the fundamental concepts and principles of Earned Value Management (EVM).
• Differentiate between planned value, earned value, and actual cost.
• Master the calculation and interpretation of key EVM metrics (CPI, SPI, CV, SV).
• Learn to establish a robust performance measurement baseline (PMB).
• Develop effective techniques for integrated cost and schedule control using EVM.
• Understand how to forecast project completion costs and durations (EAC, ETC, BAC, VAC).
• Apply EVM for proactive identification of project performance issues.
• Learn to create insightful EVM reports and dashboards for stakeholders.
• Develop strategies for taking corrective actions based on EVM analysis.
• Understand the organizational requirements and prerequisites for successful EVM implementation.
• Explore the use of project management software for EVM analysis.
• Drive improved decision-making and accountability in engineering projects.
• Foster a data-driven approach to project performance monitoring and control.

DURATION

10 Days

COURSE CONTENT

Module 1: Introduction to Earned Value Management (EVM) module

• What is Earned Value Management?
• History and evolution of EVM
• Benefits of using EVM for engineering projects
• Key terms and definitions in EVM
• How EVM integrates scope, schedule, and cost

Module 2: Core EVM Metrics and Calculations module

• Planned Value (PV): what was planned to be earned
• Earned Value (EV): what was actually accomplished
• Actual Cost (AC): what was actually spent
• Calculation of Cost Variance (CV) and Schedule Variance (SV)
• Calculation of Cost Performance Index (CPI) and Schedule Performance Index (SPI)

Module 3: Establishing the Performance Measurement Baseline (PMB) module

• Importance of a well-defined scope baseline
• Developing a robust schedule baseline
• Creating a reliable cost baseline
• Integrating the three baselines into the PMB
• Baseline change control and management

Module 4: Performance Analysis and Interpretation module

• Interpreting Cost Performance Index (CPI) and Schedule Performance Index (SPI)
• Understanding the meaning of positive and negative variances
• Identifying trends in project performance
• Root cause analysis for performance deviations
• Linking EVM metrics to project health

Module 5: Forecasting Project Performance module

• Estimate at Completion (EAC) methods and calculations
• Estimate to Complete (ETC)
• Variance at Completion (VAC)
• Budget at Completion (BAC)
• Using forecasting to predict future project outcomes

Module 6: Earned Value Reporting and Communication module

• Designing clear and concise EVM reports
• Creating visual dashboards for project performance
• Communicating EVM results to different stakeholder groups
• Tailoring reports for management, team, and clients
• Best practices for performance reporting

Module 7: EVM for Corrective Action and Decision Making module

• Using EVM data to identify when corrective action is needed
• Developing effective corrective and preventive actions
• Impact of changes on the EVM baseline
• Decision-making based on EVM insights
• Case studies of EVM-driven project adjustments

Module 8: Organizational Requirements for EVM Implementation module

• Prerequisites for successful EVM adoption
• Roles and responsibilities for EVM implementation
• Data collection processes and tools
• Integrating EVM with existing project management processes
• Overcoming common barriers to EVM implementation

Module 9: EVM with Project Management Software module

• Overview of EVM capabilities in MS Project
• EVM features in Primavera P6 and other tools
• Setting up projects for EVM tracking
• Generating EVM reports from software
• Practical exercises using software for EVM analysis

Module 10: Advanced EVM Concepts & Practical Application module

• Applying EVM to agile and adaptive projects (brief overview)
• Managing multiple projects with EVM
• Contractual applications of EVM
• Practical workshops applying EVM to engineering project scenarios
• Q&A and expert insights on specific EVM challenges in Kenya's industries

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 10 working days before commencement of the training.