Earned Value Management (EVM) is a project planning and control approach that provides cost and schedule performance measurements. It compares the actual accomplishment of scheduled work and associated costs against an integrated schedule and budget plan. Its benefits include visibility into the actual progress of the project work against the budget, projections of anticipated project schedule and cost trends, and the ability to take timely corrective actions for undesired variances. EVM is considered one of the most potent and productive concepts utilized in managing today’s complex projects in private, commercial, or government environments.
Obtain knowledge in understanding and using an effective performance management system in managing technical projects effectively
Manage projects using a proven, effective performance measurement technique
Work with clients to define project objectives and develop a project plan and put it into action
Make project decisions concerning scope, cost, and schedule parameters faster, more effectively, and more confidently
Stay on top of schedules, budgets, workloads, and human resources issues and delegate practically and fairly
Learn to avoid the pitfalls of project management by quickly identifying potential project risks and mitigating them as early as possible
Project Managers
Project Controllers
Cost Controllers
Finance Professionals
Team Leaders
Project Technical
Project Sponsors / Owners
Management Criteria versus Engineering Criteria
Evolution of the Earned Value Management (EVM) Concept
The Cost/Schedule Control System Criteria (C/SCSC)
The EVM System Criteria
Performance Measurement- An Effective EVM Technique
EVM in Project Management
Understanding the Project Work Scope
Work Breakdown Structure (WBS)
Make-or-Buy Choice
WBS and Earned Value
Understanding the Project Objective
Planning the Project
Scheduling the Project
Scheduling and Earned Value
Integrating the Project Work Scope with Cost and Schedule
Earned Value CAPs
Cost Estimates and Budgets
Management Reserves
Methods Used to Plan and Measure Earned Value
Control Account Plans (CAPs)
The Performance Measurement Baseline (PMB)
Maintaining the Baseline: Managing Changes in Scope
CAPs Performance Measurement
Presentations to Project Management
Earned Value Cost and Schedule Variances
Materials and Subcontracts in EVM
Determining Factors
Cost and Schedule Results Methodology
Management Reserve or Contingency Reserve
Estimate At Completion (EAC)
The Over Target Baseline (OTB) Process
Predicting the Project’s Time Duration
Subcontractors’ Reporting
Preparing and Interpreting the Integrated Cost/Schedule Report
The EVM Reporting Formats
Calculating CPI and SPI
Using CPI and SPI to Identify Project Performance Trends
Incorporating CPI and SPI into Project Forecasting
Identifying Cost and Schedule Variances
Analyzing the Causes of Cost and Schedule Variances
Developing and Implementing Corrective Actions
Continuous Monitoring and Control
Performance Reviews and Status Meetings
Implementing Earned Value Project Control Techniques
Identifying and Assessing Project Risks
Developing and Implementing Risk Management Strategies
Using EVM to Monitor and Control Project Risks
Integrating EVM into Agile Project Management Approaches
Managing Cost, Schedule, and Performance in Agile Projects
Considerations for Applying EVM in Global Projects
Managing Cost, Schedule, and Performance in Multi-Cultural Projects
Unit 15: Conclusion and Review
Summary of Key EVM Concepts and Techniques
Review of Course Objectives
Opportunities for Further Study and Professional Development.
Treasury management is the management of an organization’s collection, concentration, disbursement, investment and funding activities as well as the process of dealing with financial risk issues. The very first function of treasury management is cash management which is the corporate process of collecting and managing cash as well as the use of cash for short-term investing. This makes cash management a key component of a company's financial stability and solvency.
A five-day intensive training course aimed at developing/strengthening the understanding of the crucial role played by the supplier when procuring consultancy and services for the organization in order to deliver customer satisfaction through an effective supply chain.
Participants will learn how to evaluate the performance of both potential and current suppliers. Assess the factors that comprise and effective tender and conduct effective negotiations that bring long term value to the organization.
Tendering is the function that costs an organization a great deal of money and this has to be performed correctly to maximize effectiveness and minimize costs. Organizations’ executive management everywhere is realizing that Managing Tenders must emerge as a critical core competency if organizations are to increase revenue.
Essential Tendering is linked with Procurement Skills and covered in this program so designed to explore the best practices in the phases of tendering and procurement. This program explores many of the best practices in the initial phases of contracting so that participants will be able to implement the steps needed to create maximum total value for their organization.
One of the most misunderstood, time-consuming, and poorly performed leadership roles is dealing with conflicts and issues. Most managers, supervisors, and leaders view "conflict" as something unpleasant. Conflict, on the other hand, may be a potent source of long-term competitive advantage if it is properly harnessed, managed, and handled in high-trust cultures.
This conflict management training course, Managing Conflicts & Difficult Situations, has been especially created to assist leaders and managers in controlling and reducing negative conflict, creating organizational cultures of high trust, and dealing proactively with challenging situations using highly effective techniques. The training program integrates the most recent findings in Emotional Intelligence (EI), neuroscience, psychology, personality studies, and cutting-edge influencing and communication methods.
This interactive, application-driven 5-day training course will highlight the strategic view of the airport components, planning, and management. It explores some advanced topics (e.g. ACDM) influencing the Aviation environment where many airlines, ground handlers, air traffic management units exist. The course will emphasize applications in real cases in airport planning management practice and will focus on creating a clearer understanding of how to plan and strategically manage an airport.
This training course highlights the ICAO regulation and economic consideration for the purpose of improvement continuity.
Progress in the development of high-performance thermal systems has stimulated interest in methods to improve heat transfer, popularly called “heat transfer augmentation”. It has become second generation heat transfer technology. New techniques are primarily employed in a variety of thermal apparatuses encountered in the process and chemical industries, including oil refineries and gas production plants as well as in power generation plants (thermal, nuclear, solar, geothermal, ocean thermal, etc.).
This course describes the most important and practical issues related to the optimum selection of various types of augmentation techniques employed for heat exchangers working with single-phase fluids (heaters or coolers) or with phase change fluids (evaporators, reboilers, condensers, etc.) The course will briefly survey the basics of fluid flow and heat transfer in thermal apparatuses and continue with a detailed explanation of the most efficient passive (extended surfaces, fins, swirl flow devices, etc.) and active techniques (surface and fluid vibration, etc.) for single-phase flow as well as for fluids with phase-change (two-phase flows). Performance evaluation criteria (PEC) related to these techniques, as well as technical and economical issues, such as manufacturing costs, problems in operation, maintenance issues, and others, will be covered