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Project Management: Earned Value Management Training Course

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Master EVM to track project performance, manage budgets, and forecast outcomes, ensuring project goals are met efficiently.

12 minutes   |   SKU: AT172    |    Language(s): EN / ES / FR    |    Produced 2025

SKU:

AT172

Language(s):

EN / ES / FR

Updated:

2025

Length

12 minutes

Training Objectives

Understand the core components of Earned Value Management (EVM)
Learn to compute PV, EV, and AC for effective project performance tracking
Analyze schedule and cost variances to assess project performance
Utilize EVM indices (SPI and CPI) to measure project efficiency
Apply EVM to forecast projects using ETC and EAC metrics
Implement best practices for effective EVM implementation

Course Overview

Managing projects can feel like herding cats while juggling chainsaws—tracking progress and controlling costs is rarely fun. But mastering Earned Value Management (EVM) is what sets top project managers apart from those stuck in chaos. EVM is your go-to tool for turning complex scope, schedule, and cost data into clear insights. Instead of guessing if your project is on track, EVM gives you hard numbers to back it up—whether you’re truly on schedule or quietly running over budget.

This course breaks down the core of EVM: Planned Value (PV), Earned Value (EV), and Actual Cost (AC). We’ll simplify the jargon so you understand what these metrics mean in practice. You’ll learn how to calculate variances to check if you're ahead or behind schedule, and whether you’re over or under budget. We’ll also cover indices like the Schedule Performance Index (SPI) and Cost Performance Index (CPI) to measure time and cost efficiency.

Beyond just analyzing current performance, EVM helps predict future outcomes. You’ll learn to forecast your total project cost with Estimate at Completion (EAC) and determine how much more funding is needed with Estimate to Complete (ETC).

We’ll also share pro tips for making EVM work in the real world: ensuring data accuracy, keeping assumptions transparent, maintaining a rock-solid baseline, using visual reports, and communicating results clearly and persuasively. By the end, you’ll have the skills to wield EVM like a true pro, helping you deliver projects on time and within budget—or at least catch red flags early and make smart course corrections to avoid disaster before it’s too late.

This program is available with Spanish and French closed captions.

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What is Earned Value Management (EVM)?


EVM is a project management technique that integrates scope, schedule, and cost data to assess project performance and forecast outcomes.


What are the key metrics in EVM?


The key metrics in EVM are Planned Value (PV), the budgeted cost of work scheduled; Earned Value (EV), the budgeted cost of work performed; and Actual Cost (AC), the actual cost of work performed.


How do you calculate schedule and cost variances?


Schedule Variance (SV) is calculated as EV - PV, and Cost Variance (CV) is calculated as EV - AC.


What are the Schedule Performance Index (SPI) and Cost Performance Index (CPI)?


SPI is calculated as EV / PV and measures schedule efficiency. CPI is calculated as EV / AC and measures cost efficiency.


How does EVM help with forecasting?


EVM helps with forecasting by providing metrics like Estimate to Complete (ETC) and Estimate at Completion (EAC), which project the remaining and total project costs.


Disclaimer: The information provided on this page is subject to change and is for promotional and informational purposes only. Prior to acting on the information contained on this page, verify all information against the latest OSHA and applicable standards, regulations, and guidelines. Please also contact us with any questions you have related to this information. Under no circumstances will Atlantic Training, LLC be held responsible for direct, indirect, consequential, or incidental injuries or damages, or any damages or injuries whatsoever, whether resulting from contract, negligence, or other torts, related to the utilization of this information or the contents of this page. Atlantic Training retains the right to incorporate, remove, or adjust the contents on this page without prior notice.