Cost Control: EVM - Turn the lights on
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Cost Control: EVM - Turn the lights on

to know all details and secrets of project control using Earned Value Analysis
5.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
9 students enrolled
Created by Mohamed Maged
Last updated 10/2016
Arabic
Curiosity Sale
Current price: $10 Original price: $90 Discount: 89% off
30-Day Money-Back Guarantee
Includes:
  • 1.5 hours on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Aware of Project control
  • Able to choose your EV technique
  • Use all Earned Value Management analysis
  • Generate robust reports
  • Know how to take a decision based on EV reports
View Curriculum
Requirements
  • It's optional to know MS Excel & P6.
Description

Course Topics:

šProject Control / šPerformance M. Baseline / šWBS & Control Accounts / šConcept of Cost Control/ šWhy Earned Value? / Earned Value Analysis Earned Schedule / šSchedule Total Float / Quantity Adjusted Budget / Tricky or Misleading / šEarned Value Techniques Robust Reporting & Actions

هذه الدورة تشمل مراجعة المستوى الاساسي مع معلومات المستوى المتقدم والتي تساعدك على أن تكون جاهزا لتناول المواد الخاصة بالشهادات العالمية الاحترافية للقيمة المكتسبة - أقوى طريقة للتحكم في التكاليف

الدورة الاساسية متاحة أيضا في روابط داخل الدورة

Earned value management is a project management technique for measuring project performance and progress. It has the ability to combine measurements of the PROJECT MANAGEMENT TRIANGLE:

  • Scope
  • Time
  • Costs

References:

1- A GUIDE TO THE PROJECT MANAGEMENT BODY

 OF KNOWLEDGE (PMBOK® Guide) – Fifth Edition.

2- Practice Standard for EARNED VALUE MANAGEMENT – PMI Global STANDARD.

3- EARNED VALUE Project Management - QUENWT. FILEMNING and JOEL M. KOPPELMAN.

4- Skills & Knowledge of Cost Engineering – AACE International.

5- EARNED VALUE MANAGEMENT APM GUIDELINE FOR THE UK.

6- Earned Value Professional (EVP) Certification Study Guide– AACE International.

7- CMPC Course Material – Construction Management Planning & Control (Prof.Planner).

8- Construction Project Scheduling and Control - Saleh Mubarak.

9- Project Management, Planning, and Control - Albert Lester.

10- Other posts and slide-shares from internet.

In a single integrated system, Earned Value Management is able to provide accurate forecasts of project performance problems, which is an important contribution for project management.

Early EVM research showed that the areas of planning and control are significantly impacted by its use; and similarly, using the methodology improves both scope definition as well as the analysis of overall project performance. More recent research studies have shown that the principles of EVM are positive predictors of project success. Popularity of EVM has grown in recent years beyond government contracting, a sector in which its importance continues to rise, in part because EVM can also surface in and help substantiate contract disputes.

Who is the target audience?
  • Who is interested in project management, or working in any position of management team, such as PM, CM, Planner, QS, Procurement,....etc.
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Curriculum For This Course
9 Lectures
01:29:26
+
EVM basics
2 Lectures 18:52

Manageable Level of Control

WBS Dividing – Scope Baseline

Baseline Schedule

Cash Flow

Control Account

Output of Update

Earned Value Analysis

Preview 10:16

Earned Value Summary

Earned Value Forecast

TCPI

EVM Forecasting
08:36

EVM basics quiz
6 questions
+
Time Based Analysis
2 Lectures 18:56

Schedule Update –Quick Checks

TF & SPI analysis

Schedule total float
09:54

Time-Based Measures

Scope & Time control

Preview 09:02
+
Earned Value Techniques
2 Lectures 28:09

Physical Units -Resources

Contract:Fixed Budget or Variable Budget (Quantity)

Challenges of Cost Control
14:39

Earning & crediting methods

EV Technique calculation

Best EV Technique

EV Technique Selection
13:30

2nd Quiz
4 questions
+
What Action to be Taken
2 Lectures 20:28

Misconceptions About Schedule Updating

Reporting & Presentation

Levels of Reporting

Communications

Update & Reporting
04:54

Re-Planning PMB

Risk Management

Budget Control

Time Control

Taking action
15:34

3rd Quiz
5 questions
+
Advice to Proceed
1 Lecture 03:01

Professional certificates

Additional resources

Join the group: https://www.facebook.com/groups/prof.cost.engineers/

Study & Practice
03:01
About the Instructor
Mohamed Maged
4.1 Average rating
189 Reviews
1,553 Students
2 Courses
Instructor of Planning & Project Management

Senior Project Control Engineer, B.Sc. of Civil engineering – Ain Shams University, PMP, with experience in MENA region of (construction, infrastructure, and roads) Mega projects, in professions of Contract administration, Procurement, Tender estimating, Cost control, Planning & Claim analysis.

Admin of the biggest online community of Arab Planners (10,000+)

admin of PPCA at teachable

Facebook Page: Professional Planning & Control Engineers @Prof.Planner, related groups: Best Advice for Planners, Contract  & Cost Engineers– Public groups) - Arranged (3 Anniversaries of Facebook Page: Prof.Planner 2014-2016) Two of them are Annual Conferences of Planning and Project Management - American University in Cairo, August 2014 & 2015.

The links of other accounts (YouTube, twitter & linked-in) are as below the profile photo.