Earned Value Management

Earned Value Management  (EVM), is the globally accepted method for monitoring and controlling the project’s schedule performance and cost performance. It helps the project teams to be pro-active because of it’s ability to forecast future trends. Earned Value Management comprises of;

1. Earned Value Analysis
2. Variance Analysis
3. Trend analysis
4. Reserve analysis
5. Corrective and preventive actions

Upon successful completion of this course, you will be able to;

1. Analyse Schedule Variance
2. Analyse Cost Variance
3. Analyse Schedule Performance Index (SPI)
4. Analyse Cost Performance Index (CPI)
5. Perform trend analysis and forecast the Estimate At Completion (EAC)
6. Calculate the To Complete Performance Index (TCPI), which will help you to complete the project within budget