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? 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 risks

Who should attend?

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.

Industry Credits

• This course is worth 2 gold seal credits.

Course Format

• Live, Online, Instructor-led training. This is a highly interactive course facilitated by the instructor on a video platform.
• You will be expected to have your webcam on during the whole class and participate in break-out rooms, small-group discussions, and other activities with your instructor and classmates during the course.
• Course access information will be provided to you in advance of the training by your instructor
• Full attendance and participation in all sessions is mandatory for course completion. If a student misses a class session, we are unable to transfer registration or provide a partial refund of the registration fees.

Course Requirements (Technology & Participation)

This course requires full face-to-face interaction and participation from both the instructor and students. In order to attend, you’ll must make sure you have the following:

• Computer or laptop with webcam (webcams are mandatory): This course will involve 100% on-screen interaction with your instructor and classmates, reading/viewing on-screen content like slides or videos, and interacting via typing with questions or responses. For this reason, you must have a webcam and use a full computer/laptop, and we do not permit students to attend using a tablet or cell phone.
• A quiet space with minimal distractions: Please plan to be fully engaged in the class, and clear your work schedule just as you would for attendance in an in-class program.

Refunds or Transfers: 

• Five (5) or more business days before the course start date: Full refund of registration fees or can be transfers to a different course date.
• Less than five (5) business days before the course start date and course no-shows: No refunds or transfers to future course dates.
• For a complete document on the NRCA Education Policies, click here. 

Other Policies

• Substitution of another member of your company/team is permitted up to the course start date for no additional fee.
• Unless otherwise stated, every person able to see, hear, and observe the virtual course sessions must be a paid participant. Non-compliance of this requirement will result in removal from the course. Refunds will not be issued to students who are removed from the course for non-compliance of this requirement.
• If the NRCA has to postpone or cancel courses due to insufficient enrolment, NRCA will refund the registration fee or, if possible, the attendee may choose to move to an identical session in the future.