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.
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
Maintaining a high level of productivity in today's successful organizations takes work and continuous learning in a variety of management skills and techniques. To be successful in daily work tasks, knowledge, and skills in management techniques must be learned, practiced, and implemented. People in all types of organizations find themselves needing to find more productive methods of planning work and tasks, setting appropriate goals, using good interpersonal skills, and using effective means of making decisions. A focus on using productive practices allows for effective and efficient management of work and making changes in the organization.
ISO 45001 standard has replaced the popular OHSAS 18001 Regulations with the overall purpose remaining the improvement of occupational health and safety performance. ISO 45001 will more easily integrate with other ISO Management Systems standards including ISO 9001:2018 and ISO 14001:2018. ISO 45001 will require an organization to look beyond its immediate health and safety issues and take into account what the wider society expects of it. Organizations will have to think about their contractors and suppliers, as well as the effects their activities have on neighboring communities.
CCTV is the use of video cameras to send a signal to a specific location, on a limited set of screens. It differs from broadcast television in that the signal is not transmitted openly, although it may use P2P or P2P. "P2MP", wired network, or wireless connections, and although nearly all video cameras fit this definition, the term is often applied to those used for surveillance in areas that may need to be monitored such as banks, stores, and other areas that require security .
Corporate Governance is now one of the hottest topics in the business world. It is both a regulatory requirement and a business enabler. But do you know whether your Corporate Governance activities are extracting maximum value? If not, this is probably because your Internal Audit team has not assessed this key topic. This audit approach is crucial as the Board and the Audit Committee need comprehensive assurance about this strategic business process. This course will provide all the tools and techniques essential to audit the complex and wide-ranging field of Corporate Governance. It will help you ensure that you are applying the very best practices and meet all regulatory requirements
All business activities are governed by writing policies and procedures. Much effort is spent on looking at how to draft documents, and, while this is important, it sometimes overshadows the importance of the Policy or Procedure, and related documents such as Specifications and Standards. The course will look at how these documents are created, and some of the main clauses that appear in them, all using real examples wherever possible.