Earned Value Management (EVM) for Construction
When it comes to cost and schedule on your construction projects, do you know where you’re at and where you’re going?
Description
When it comes to cost and schedule on your construction projects, do you know where you’re at and where you’re going? Realizing that you’re aimed at an iceberg when you’re 100 meters away isn’t helpful. It’s so much better if you notice the iceberg when you’re 10 kilometers away, so that you can do something about it.! This is part of the “construction management” that owners expect from contractors.
Earned Value Management (EVM) is a project planning and control approach which provides cost and schedule performance measurements. It compares actual accomplishment of scheduled work and associated cost against a baseline schedule and budget plan. Its benefits include projections of anticipated project schedule, and cost trends, and the ability to take timely corrective actions for undesired variances. EVM is one of the most powerful and productive concepts used in managing today's complex projects in private, commercial, and government environments. The fundamentals of EVM will be presented in a down-to-earth, basic approach, along with hands-on exercises and examples that will allow participants to apply the concepts.
Participants will:
- Obtain basic knowledge in understanding and using an effective performance management system in managing construction projects effectively
- Detect both positive and negative trends in a timely manner
- Forecast the Projected Final Cost (Estimate at Completion) using several techniques
- Confidently and quickly make project decisions concerning scope, cost, and schedule
- Learn to avoid the project-management pitfalls by identifying and mitigating risk
Intended Audience
Anyone whose work involves planning and progressing the work: project managers, project coordinators, construction managers, superintendents, general foremen and estimators of all levels will benefit from the workshop. This course is for owners, consultants, contractors and subcontractors in all segments of the construction industry.
Related Info
This course is delivered as an interactive Virtual Instructor Led Training (VILT) course using the PESL GoToTraining platform.
This course is a CCA Gold Seal Certified Course (2 Credits)
Speaker
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Phil Perry
Phil has over thirty years in the Construction industry, most of which was managing industrial projects for general contractors. He has been teaching post-secondary construction management courses for the last thirteen years. Phil has been facilitating Better SuperVision programs since 2009. He has facilitated over five hundred courses and over four thousand students over the last five years.
In his spare time, Phil is a Master Course Facilitator for the Canadian Sport Parachuting Association and chaired their national Coaching/Instructional program for four years.
Phil was the recipient of the 2018 IG Wealth Management Community National Coaching Certification Program (NCCP) Coach Developer Award, presented to individuals who go above and beyond to develop trained and certified NCCP Coaches.