Earned Value Management

Initiating and planning projects is usually the focus of project management training. As a project manager you also spend a significant amount of time on the initial phases of a project.

When the plan is complete and it’s time to execute the project, you shift focus to evaluating the progress to be able to make any adjustments needed to complete the project according to plan. This may sound simple in theory but in reality it can be quite complicated.

Earned Value Management (EVM) is a common technique for measuring project progress. In theory EVM is a straightforward mathematical technique that is quite easy to understand. However in reality its use requires both planning and insight to be able to achieve a correct and relevant result.

So, what is it then that makes it so complicated?

This PDP will give you basic knowledge about EVM, what it is and how to use it. You will also be able to practise how to use this knowledge in a fictional project.

The PDP starts with an e-learning module that will take approximately 10 minutes, and will give you an overview on the topic. Next, you will deepen your knowledge by examining the matter further in the knowledge pack – that could either be read on-line or downloaded as a hard copy. After this, it’s time to start working on the assignment where you will have to practice using EVM in a project. The answers to the questions in the assignment are to be submitted online in the Exam. Finally, after passing the exam, you will be able to claim your PDU points, as well as use the knowledge to further boost your PM skills!

Goal

After completing the PDP you will have the knowledge and skill to use Earned Value Management to measure progress in your own projects.

Objectives

After completing this training...

• You know the purpose of Earned Value Management
• You know the different key values used with EVM
• You know the relations between the key values