JK Michaels Institute

EARNED VALUE PROFESSIONAL

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Duration: 3 Days
Level: Intermediate
EARNED VALUE PROFESSIONALEARNED VALUE PROFESSIONAL

Earned Value Professional

Earned Value Professional course workshop takes the mystery out of using earned value management on your projects. This workshop uses our proprietary MS Excel templates to teach you the basics of earned value management. You’ll experience creating an earned value management baseline, determining earned value from project status, calculating earned value management indices, and estimating final cost and completion date.

EARNED VALUE.
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Earned Value Professional Course Overview

Earned Value Professional course workshop removes the mystery of using earned value management on your projects. This workshop uses our proprietary MS Excel templates to teach earned value management basics. You’ll experience creating an earned value management baseline, determining earned value from project status, calculating earned value management indices, and estimating final cost and completion date. The earned value professional workshop includes the new earned schedule method to improve schedule prediction. This workshop is perfect for team leads, cost account managers, financial and schedule control staff, project and program managers, and chief project officers. 

Attendees may retain templates to implement earned value management in their organization.

This Earned value professional course covers all the essential knowledge needed to apply earned value management to your projects. It is a hands-on workshop using MS Excel templates to teach the concepts. This avoids the need to learn both an unfamiliar earned value application and the concepts simultaneously. When completed, you will understand the role of control account managers (CAM), and how to determine where to place control accounts within your projects. You will also experience how earned value data analysis provides insight into cost and schedule performance. Whether you are a CAM, PM, or portfolio manager, this earned value professional course will give you the experience you need to apply and understand earned value management. The AACEI Earned Value Professional certification is the only industry-recognized certification for career-minded earned value management professionals. JK Michaels Earned value professional course prepares you for all four sections of the AACEI day long EVP exam. You may understand EVM, but are you prepared for the exam? You can practice EVM every day and still not cover some exam topics! The earned value professional course covers all the topics covered in the exam and provides sample questions and workshop discussions about each question and the possible answers.

Earned Value Professional Course Objectives

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

– Recognize the Earned Value Management System
– Identify personal knowledge gaps prior to taking the exam

– Comprehend the concept behind the Earned Value formula, rather than relying on memorization
– Apply specific tricks for answering multiple-choice questions in the exam

– Prepare an earned value analysis report

– Interpret/Measure project health status based on the given earned value data

JK Michaels Institute offers other Project management certifications and AACE certifications.

JK Michaels institute also offers other products and courses, including PLANNING AND SCHEDULING PROFESSIONAL, PROJECT MANAGEMENT FOR NGOs, BASIC PRIMAVERA, and FINANCIAL LEAN SIX SIGMA TRAINING.

Templates may be retained by attendees to implement earned value management in their organization.

This Earned value professional course covers all the essential knowledge needed to apply earned value management to your projects. It is a hands-on workshop using MS Excel templates to teach the concepts. This avoids the need to try to learn both an unfamiliar earned value application and the concepts at the same time. When completed, you will understand the role of control account managers (CAM), and how to determine where to place control accounts within your projects. You will also experience how earned value data analysis provides insight into cost and schedule performance. Whether you are a CAM, PM, or portfolio manager this earned value professional course will give you the experience you need to apply and understand earned value management. The AACEI Earned Value Professional certification is the only industry-recognized professional certification for career-minded earned value management professionals. JK Michaels Earned value professional course prepares you for all four sections of the AACEI day long EVP exam. You may understand EVM, but are you prepared for the exam? You can practice EVM every day and still not cover some of the exam topics! The earned value professional course covers all the topics covered in the exam and provides sample questions and workshop discussion about each question and the possible answers.

Earned Value Professional Course Objectives

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

– Recognize the Earned Value Management System
– Identify personal knowledge gaps prior to taking the exam

– Comprehend the concept behind the Earned Value formula, rather than relying on memorization
– Apply specific tricks for answering multiple-choice questions in the exam

– Prepare an earned value analysis report

– Interpret/Measure project health status based on the given earned value data

JK Michaels Institute offers other Project management certifications and AACE certifications.

Key Features

PERSONAL IMPACT

ORGANIZATIONAL IMPACT

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Course Curriculum

• The One Minute Project Review

• Historic Project Management Metrics, Why They Fail

• Traditional Project Reporting

• Project Reporting with EVM

• Questions That EVM Allows Us to Answer Basic Earned Value Concepts

 

• The Planned Value (PV)

• The Earned Value (EV)

• The Actual Cost (AC)

• Organizing the Project for EVMS

• Content of a WBS

• Establishing Management Control Cells

• Control Cell Accountability Using EVM to Capture the Project Plan

 

• Example : Planning and Budgeting a Project

• Schedule Integration

• Planning at the Control Account

• Charting the Plan to Build Equity

• Work Package Planning • Exercise – Planning Work Packages

• Sample of Work Package Planning

• Non Labor Tasks (Material and Subcontracts)

• Far Term Tasks-Planning Packages Collecting EVM Project Data

 

• Evaluating Project Performance (Execution and Control)

• Obtaining the Earned Value Management Data

• Reporting Progress at the Control Account

• Analyzing Variances From the Plan

• What Is Not a Variance

• Sample of Project Status and Variances

 

• Exercise – Assessing Project Status Using EVM

• Analyzing Project Status

• Cost Performance Index

• Schedule Performance Index

• Earned Schedule

• Why use ES?

• More ES terminology

• Variance Thresholds

• Variance Analysis at the Control Account

• When Thresholds are Breached

• To Complete Performance Index

• Determining Trends and Plotting Indices

• Percent Complete, Percent Spent

• Cost Performance Report

 

• Estimating the Final Cost

• Some EAC Formulas

• Application of EAC Formulas

• Estimating the Completion Date

• Using EVMS at the Team Level

• Just How Good Is the EVM Data?

• Recap –How to Establish Your EVM Baseline

• Recap –How to Perform EVM Accounting

 

• Key IT Risks

• IT Project’s Deferred Performance Scenario

• Why Software Projects Are Unique

• Warning Indicators

• A Software Project WBS

• Software Maintenance

• Managing Software Maintenance

 

• View from the Government

• Business Case Scoring

• Scoring “Performance Based Management”

• OMB Expectations for Earned Value Management

• A-11, Part 7 Policy for Major Acquisitions

• Exhibit 300, Capital Asset Plan and Business Case

• The Capital Programming Guide

 

• International Standards for EVMS

• ANSI 748-98 Criteria

• Organizational Process Areas

• Planning Process Area

• Accounting Process Area

• Analysis Process Area

• Revisions Process Area

• EVM Resources

 

• The Value of a Maturity Model

• Characteristics of Common Staged Maturity Models

• The Earned Value Management Maturity Model®

• Attributes of Level 1 – INITIAL

• Attributes of Level 2 -LOCALIZED

• Attributes of Level 3 –ANSI 748 COMPLIANT(+)

• Attributes of Level 4 – MEASURED

• Attributes of Level 5 – OPTIMIZING

• Obtaining the EVM3® Model and Independent Assessment

The exam is based upon the ANSI 748 (latest version), Earned Value Management Systems guideline. To get the most benefit from this workshop attendees should have read, as a minimum: • ANSI 748 (latest version), Earned Value Management Systems • PMI’s Practice Standard for Earned Value Practice Management • National Defense Industrial Association (NDIA) EIA-748-A Intent Guide

Explore something new

Training Options

Classroom Trainings

N250,000

  • Interactive,excitingly serious action oriented learning methodology
  • Classroom training by top instructors and practitioners

Live Online Virtual Training

N250,000

  • 90 days of flexible access to online classes
  • Live, online classroom training by top instructors and practitioners

Corporate Trainings

Customized to your team learning needs and organizational goals

  • Customized learning delivery model (digital material and/or instructor-led)
  • Flexible pricing options
  • Enterprise grade Learning Management System (LMS)
  • Enterprise dashboards for individuals and teams
  • 24×7 learner assistance and support

Exam and Certifications

The exam is based upon the ANSI 748 (latest version), Earned Value Management Systems guideline. To get the most benefit from this workshop attendees should have read, as a minimum: • ANSI 748 (latest version), Earned Value Management Systems • PMI’s Practice Standard for Earned Value Practice Management • National Defense Industrial Association (NDIA) EIA-748-A Intent Guide

Exam Format for Earned Value Professional (EVP) Certification

Let us now discuss how to become a certified EVP. Let’s begin with the exam format. Since November 2012, the EVP exam has been administered using computer-based testing (CBT). The test consists of 120 questions and a memo. The exam lasts five hours and is a continuous examination. There are no breaks, nor can the timer be paused. Memos can also be written on the screen and keyboard using a simple text editor.

An overall passing score of 70% is required to become an EVP.

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Download the JK Michaels Earned Value Professional TRAINING FREE Self Improvement Template and eBook.

Course Dates

Course Name
Duration
Course Date
Location
Delivery Method
Course Fee
REGISTER

EARNED VALUE PROFESSIONAL

3 DAYS

FEBRUARY 3RD-5TH

IKEJA WEEKEND

CLASSROOM/VIRTUAL

N250,000

ENROLL NOW

EARNED VALUE PROFESSIONAL

3 DAYS

MAY 6TH-8TH

IKEJA WEEKEND

CLASSSROOM/VIRTUAL

N250,000

ENROLL NOW

EARNED VALUE PROFESSIONAL

3 DAYS

OCTOBER 20TH-22ND

IKEJA WEEKEND

CLASSROOM/VIRTUAL

N250,000

ENROLL NOW

FAQ

FAQ

Earned Value Professional

Scrum has been proven to work well for small teams. But the true benefits of Agile can only be reaped if Agile and Scrum are scaled at the enterprise level.  

Needless to say, the exam is extensive and requires thorough preparation. The following books and references are suggested:

1. AACE International’s EVP Exam Study Guide.

2. ANSI 748A or 748B Standard

3. The NDIA’s Intent Guide

4. The Project Management Institute’s A Guide to the Project Management Body of Knowledge (PMBOK® Guide).

Earned Value Project Management by Fleming and Koppelman, Project Management Institute

 

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TARGET AUDIENCE

  • Those who intend to take the EVP exam and want to cut down on study time while also speeding up the learning process
  • Anyone who wants to learn the fundamentals of the Earned Value Management System.
  • Project managers, project controls personnel, engineering managers, construction managers, lead engineers, and other roles of a similar nature
  • Professionals in the ECPM industry and  those that want to advance their career in project controls, cost engineering, or contract administration, this certification is a must.

If you are already a Project Management Professional (PMP) or a Certified Cost Engineering Consultant (CCEC), the exam will be much easier for you. You must also carefully understand the ANSI 748A standard and master the terminologies explained in the standard. You can anticipate a number of questions based on it.

 In general, the memo assesses your ability to analyze project performance data, calculate earned value indices and variances, and make project performance recommendations. One should not be concerned about memos. The memo will not be a difficult task if you understand the EVM concepts and have implemented them in real-life project scenarios.

 

 

In general, a two to three month preparation period with one to two hours of study per day is reasonable. However, once again, it is heavily dependent on your prior knowledge and experience with earned value management.

 Requirements
8 years of industry experience or 4 years of industry experience plus a 4-year industry-related college degree
Observance of the AACE Canons of Ethics

Why JK Michaels

You will gain practical,useful and impactful skills from our experienced faculties.

CONSULTANTS: Our consultants are Practical, Professional,Experienced, Licensed & Effective personnel with minimum experience of over 25years.
CONSULTANT RATING: 96% of our training consultants scored A+ rating from our customers in 2020

JK Michaels joins the prestigious group of organizations approved by Project management institute USA,American Academy of Project Management (USA),Scrum Study institute USA, to provide world class Effective project management training; After a rigorous audit of our curriculum design, delivery, facilitators, and content of our courses.

We are also accredited by government as a management training and consulting firm.In addition to other international institutes including :International institute of Business analysis(IIBA);(APMG)Association of Project Management Group;International institute of Six Sigma Certification;Peoplecert,Clover Health and Safety,Nebosh,Pregen Business School Atlanta,Simplilearn;International institute of Supply Chain Management (UK).
JK Michaels is in alignment with International Standard in Quality and Safety

We are committed on delivering on our customers trust.

CUSTOMER RATING: 95% of our customers rated JK Michaels program excellent and of great value compared to what they pay.
REFERRALS: 95% of our business comes from referrals.
TRUST: Our customer retention rate is 95%.
TRACK RECORD: In year 2019, 96.4% of our customers rated JK Michaels as EXCELLENT.

Excitingly different, action learning system focused on improving talents & impacting bottom-line results.

JK MICHAELS LEARNING SYSTEM™ : Practical Action Learning + fun + intellectual intensity = Uncommon Performance
JK MICHAELS CONSULTING SYSTEM™ : Excellent project +process +People + Technology = Uncommon Performance .
CONDUCIVE LEARNING ENVIRONMENT: 99% of our customers rate our facility conducive serene and secure with unmatched technology, gourmet lunch, free refreshment, and WIFI.

After undergoing our training, our customers reported a minimum of 35% boost in their productivity,70% of them get promoted to a higher level at work, 98.5 % pass professional exam at their first sitting and 100% get to network and share experience with employers and top management.

We promise to support you until you succeed.

COURTESY: You are assured of a courteous and friendly customer service that will work with you until you succeed.
RESPONSIVENESS: We guarantee that your enquiries will be responded to, in three minutes.

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