[Livestream] Practical Approaches to Earned Value Management (EVM)

Earned Value Management (EVM) is a misunderstood concept by many. Many wrongly consider EVM as an application of metrics.

However, EVM is much beyond that. There are several moving parts that contribute to the successful implementation of EVM in projects.

In this session, Michael Nosbisch, Director of Project Controls at Strategic Management Solutions, an industry expert, EVM SME, and senior leader in project controls, will share some great insights into the practical approach to Earned Value Management.

He will help you understand why EVM compliance is a must for government projects and give you practical knowledge on how to implement EVM in your projects. He will also explore if there are any limitations to the implementation of EVM in specific projects or industries and will give you insights as to why EVM, even today, has yet to find widespread adoption in every project, despite its long history.

Mike will also discuss some challenges with EVM implementation such as applying EVM for fixed priced contracts, considerations with EVM scheduling metrics, actual costs, management reserve, and much more.

To start the conversation, please introduce yourself in the comment box below and share whether you’ve been using EVM in your projects.

If you are interested in advancing your knowledge in EVM to new heights, check the comprehensive programs on EVM offered by Project Control Academy, including:

️ ➡️ Essentials of Earned Value Management: https://projectcontroltraining.com/evm/
️ ➡️ Mastering EVM for Project Success: https://projectcontroltraining.com/mastering-evm/
️ ➡️ EVM Implementation in Primavera P6: https://projectcontroltraining.com/evm-p6/

Video Chapters:

00:00:00 Introduction
00:03:02 Introduction to Earned Value Management
00:07:12 About Michael Nosbisch, an industry expert, EVM SME, and senior leader in project controlsEVM SME
00:11:39 Why use Earned Value Management?
00:16:04 Why is Earned Value Management not used?
00:21:13 Can EVM be applied to any Project & any industry?
00:24:14 Earned Value Management for Government Projects
00:31:37 EVM Compliance in Government Projects
00:34:30 Practical approaches to EVM Implementation in projects
00:42:33 Effective EVM Implementation and Top Management Buy-ins
00:45:01 EVM Application for Sustainability Projects
00:47:23 Earned Value Management in Fixed-Priced Contracts
00:56:41 Actual Costs in Earned Value Management
01:02:01 EVM and Schedule Performance

#projectcontrols, #projectmanagement, #earnedvalue, #EVM

Видео [Livestream] Practical Approaches to Earned Value Management (EVM) канала Project Control Academy