Shifting knowledge to insight

Earned Value Management (EVM) is a value-for-money approach for measuring project performance. It compares the value delivered to the planned and actual project performance, and provides management with performance indicators to forecast the expected project completion date and cost.

This course covers most of the material in the Association for the Advancement of Cost Engineering’s (AACE) Skills and Knowledge of Cost Engineering, as well as all the topics in the Project Management Institute’s (PMI) Practice Standard for Earned Value Management.

Course content

Day 1• A brief history of the origins of Earned Value (EV) and EVM• The development of the Work Breakdown Structure and its use

in the EVM process• Structuring the project for EVM use and creating an integrated

time and cost view of the project• The Project Performance Measurement Baseline and S-curve• 6 methods of project progress measurement• Descriptive EV methods

Day 2• EV forecasting• 5 methods of Estimate at Completion calculations• Variance at Completion• To Complete Performance Index (TCPI)• Productivity measures• Work contours and their effect on EVM• Contracting and EVM• The effect of contingency and other reserves on the EVM• Critical Path Analysis in EVM• Earned Schedule• EV reporting and dashboards• EV case study

Learning outcomes

After successful completion of this course delegates will be able to• plan projects to support EVM during execution• apply descriptive EVM techniques to report on project

progress. Apply predictive EVM techniques to forecast project performance. Apply Earned Schedule techniques to forecast project completion dates

• select the most appropriate EV methods for particular work methods and contract types

• measure the productivity of project work teams, and• identify and implement actions to correct deviations from the

project’s performance measurement baseline.

Who should enrol?

This course is ideal for you if you are• interested in project management and project performance

measurement, or• in any industry and the techniques that are taught can be used

for most types of projects.

Course fees

R6 868.00 per delegate (VAT incl.)Course fees include all course material, lunch and refreshments on contact days. Delegates must bring their own scientific calculators

Course fees must be paid in full 14 days prior to course start dates. Proof of payment can be submitted to enrolments@enterprises.up.ac.za.

Admission requirements

Prospective delegates should• have a National Senior Certificate (Grade 12) • have one year experience on projects, and• be familiar with the basic concepts of project management

such as scope definition, scheduling, critical path, WBS, risk, estimation etc.

Accreditation and certification

Enterprises University of Pretoria (Pty) Ltd is wholly owned by the University of Pretoria. As a public higher education institution, the University of Pretoria functions in accordance to the Higher Education Act 101 of 1997. Enterprises University of Pretoria offers short courses on behalf of the University and these short courses are not credit-bearing, and do not lead to formal qualifications on the National Qualifications Framework (NQF) – unless stated otherwise. Delegates who successfully complete a short course and comply with the related assessment criteria (where applicable) are awarded certificates of successful completion and/or attendance by the University of Pretoria.

Registration and enquiries

Course coordinatorThandeka SibiyaTel: +27 (0)12 434 2633Cell: +27 (0)86 580 1163Email: Thandeka.sibiya@enterprises.up.ac.za

Course leaderDr Werner Meyer Graduate School of Technology Management

Advanced Earned Value ManagementPresented by the Graduate School of Technology Management, University of Pretoria

www.enterprises.up.ac.za

For quotations on in-house training, email quote@enterprises.up.ac.za

+27 (0)12 434 2500 +27 (0)12 434 2505 info@enterprises.up.ac.za Private Bag X41, Hatfield, 0028