This course presents a thorough discussion of the Earned Value Management process. Various methods are presented and explained for quantifying time phased budgeted (planned), earned, and actual costs. Explanations and definitions are provided for determining the weighted contribution of differing disciplines to the project whole; such as engineering, procurement, and various construction trades. Using the project’s cost budget baseline and as-planned schedule are shown to be the best tools for the development of a time phased budget baseline. This course also presents methods for collecting actual costs, performance measurement & metrics, forecasting methods, and change management.

Topics covered include: Overviews of Scheduling, Resource Management, and Earned Value; Establishing the Performance Measurement Baseline (PMB); Work Measurement; Collecting Actual Costs; Performance Measurement & Forecasting; Earned Value and CPM; and Change Control.