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Project Management

Earned Value Management (EVM)


Course
Cypher Learning Administrator
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Master Earned Value Management (EVM) to enhance project performance tracking and decision-making.

Embark on a comprehensive journey into Earned Value Management (EVM), a pivotal project management tool that merges cost, schedule, and scope for precise project performance and progress evaluation. This online course is meticulously structured into three modules, each designed to build upon the last, covering the fundamentals of EVM, crucial metrics and calculations, and advanced application techniques. Starting with EVM principles, you'll learn how to interpret critical data, implement EVM systems, and utilize software tools effectively. Progressing further, you'll delve into advanced concepts, including variance analysis and performance forecasting, and explore EVM's adaptability to Agile projects. By course end, you'll be adept at making informed decisions, ensuring project success while maintaining alignment with stakeholders and compliance standards.

Here is the course outline:

1. Introduction to Earned Value Management

Dive into the basics of Earned Value Management (EVM), understanding its core principles, terminology, and the significance of integrating cost, schedule, and scope for effective project performance assessment. This foundational module prepares you to grasp the essential concepts and benefits of EVM, setting the stage for more advanced exploration.

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EVM Basics and Terminology
Understanding EVM Compliance and Standards
Navigating EVM Software Tools
Quiz

2. Mastering EVM Metrics and Implementation

Build upon the fundamentals by learning to calculate and interpret key EVM metrics such as Planned Value, Earned Value, and Actual Cost. Explore how to effectively implement EVM in your projects, including the selection and utilization of software tools, and how to communicate EVM data to stakeholders. This module is crucial for developing the skills to monitor, analyze, and report on project performance.

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Calculating EVM Metrics
Interpreting EVM Data for Decision Making
Implementing EVM and Stakeholder Communication
Quiz

3. Advanced EVM Techniques and Agile Adaptation

Elevate your EVM expertise by exploring advanced concepts, including variance analysis, forecasting, and performance indices. Learn how EVM can be integrated with Agile methodologies and risk management practices to enhance project control, prediction accuracy, and value delivery. This module prepares you to tackle complex projects with confidence, ensuring they remain on track and within budget.

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Advanced EVM Concepts for Project Control
Adapting EVM for Agile Projects
Integrating Risk Management with EVM
Quiz
Glossary
Study guide
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