Cost Control & Earned Value Management course

Classroom | In company | Tailor-made

Master Cost Control, Drive Project Success with Aram Academy!

In the Cost Control and Earned Value Analysis course at Aram Academy, you will learn how to effectively manage the costs of your projects from financing to closure. This course provides an in-depth approach to managing project costs, including how to prepare budgets, create estimates, and establish a Cost Breakdown Structure (CBS). You will gain practical tools to identify, analyze, and manage financial risks and learn how to monitor your project’s financial health in real-time.

A key component of the course is Earned Value Management (EVM), a powerful technique that helps you accurately measure and adjust the performance of your project. You will learn all the critical EVM formulas such as Cost Performance Index (CPI), Schedule Performance Index (SPI), Planned Value (PV), Earned Value (EV), and Actual Cost (AC), and how to apply these to track and analyze the progress of your project. Additionally, you will learn how to use S-Curves to visually compare costs and schedules, making it easier to adjust as needed. You will also gain insight into how CPI and SPI can be used to assess performance and proactively adjust to ensure the project’s objectives are achieved. This allows you to identify problems early and take corrective actions.

Take the Cost Control and Earned Value Analysis course at Aram Academy and develop the expertise to manage projects financially, control risks, and successfully complete your projects on time and within budget.

Topics

Day 1:

• Basic Cost Engineering
• Roles in Financial Management for Projects
• Project Financing
• Cost Breakdown Structure (CBS)
• Quantity Take-Off
• Budgeting and Cost Estimating
• Financial Risks & Monte Carlo Analysis

Day 2:

• Earned Value Management (EVM)
• Earned Value Analysis (BAC, BCWS, BCWP, ACWP)
• Performance Index (CPI, SPI)
• Estimate to Complete (ETC)
• Estimate at Completion (EAC)
• Trendlines
• S-Curves
• Cost Variances

This course is especially designed for project planners, project managers, project control advisors, and project control managers. Project management experience is a plus, but not required.

This course is available upon request for classroom sessions, as well as tailored solutions and In-Company training. For the most up-to-date course dates, you can contact the Aram Academy via +31-10-2707011 or through WhatsApp.