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.
Corporate social responsibility (CSR) is a management concept whereby companies integrate social and environmental concerns into their business operations and interactions with their stakeholders. CSR has been considered an efficient marketing tool for gaining the competitive advantages a company needs in order to be on top in the context of the current hyper-competitive environment.
You will learn vital skills for managing and creating content in this course. To help you establish a social media presence, you'll learn how to craft compelling social media posts and how to develop a powerful brand. Additionally, you'll discover how to create an ongoing procedure for handling your content. A content calendar should be created, postings should be managed and moderated, data should be analyzed for insights and iteration, and post effectiveness should be increased.
Are you under pressure from an ever-growing task list, conflicting demands and constantly changing priorities? Productive working practices are valuable skills in today’s work environment. Competition is intense and companies need people who can organize their time effectively, collaborate with others to achieve goals, and who constantly strive to better meet customer and stakeholder needs.
This popular course will support you to develop practices and techniques to manage this pressure proactively, allowing you to meet deadlines and deliver against your objectives. You will also develop skills in working well with others to ensure success.
The 5-Day Mini MBA is a unique distillation of the skills that need to be acquired in order to be considered successful in modern business. Not everyone is able to devote a year or two of their time to studying for a Masters in Business Administration, but in an age of rapid change in a highly competitive environment, it is crucial to have a thorough understanding of the issues involved in the smooth and successful running of a business. The 5 Day Mini MBA Leadership & Management Masterclass is a highly intensive training course covering all the usual subjects associated with an MBA. In 5 days, a delegate will learn what normally takes a year of full-time study. The Mini MBA course is designed to provide delegates with comprehensive knowledge of fundamental, proven strategies taught as both an academic and practical exercise. As a result, the course will provide a comprehensive understanding of the skills and knowledge that will be required for any person to further develop their business knowledge and skills and even to prepare them for actual formal study for an MBA. The course is designed to be delivered either as an “In House” class for an organization’s directors and senior management or as a public class where delegates from a number of companies can learn both from the course and from one another and exchange ideas and best practice.
Large capital-intensive projects in the oil and gas industries require substantial - and mostly risky - investments in the acquisition, exploration, and subsequent operation and maintenance of new organizational assets.
The decision of whether or not to invest in new capital projects in the oil and gas industry starts with critical decisions during the exploration phase of new development or the expansion of an existing field. The decision-making tools used to analyze project risk under conditions of uncertainty will help companies to determine the probability of success or loss and will drive the decision to develop or abandon the well.
Crisis management is concerned with responding to, managing, and recovering from an unforeseen event. Risk management is concerned with identifying, assessing, and mitigating any activity or event that could cause harm to the business. Risks can be strategic or operational in nature. A business continuity plan (BCP) is a process that outlines the potential impact of disaster situations on business operations. It creates policies that respond to various situations to ensure a business is able to recover quickly after a crisis.