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Earned Value Management .pdf



Original filename: Earned Value Management.pdf
Title: What is Project Management?
Author: admin

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WHAT IS PROJECT MANAGEMENT?
A project is an undertaking or endeavor to create a product
or a service. It also has a fixed project scope wherein it has a
beginning or ending. A project also requires resources to be
accomplished, and thus contains a specific set of
instructions or operations that are required to achieve the
goal.

A project consists of a very crucial resource, that is the
workforce or a team of individuals who work on a project(s)
in the same or different office(s) across multiple geographic
locations. A project can be defined as –
• Building a New Software
• Building Infrastructure
• Learning Systems
• IT Compliance
• Operations
• Bringing out new services, products & more…..
www.nibt.education

WHAT IS PROJECT MANAGEMENT?
Thus, project management can be defined as the application
of skills, knowledge, and tools to projects to achieve the
said goals.
The Project Management process falls into various groups
viz.






Project Initiation
Project Planning
Project Execution
Project Monitoring & Controlling
Project Closing

A project is deemed successful if it achieves all the
objectives as per the requirement criteria within timescale
and budget.
www.nibt.education

WHAT IS PROJECT MANAGEMENT?
Project Management works on ten crucial areas viz.











Project Integration
Project Scope
Project Time
Project Cost
Project Quality
Project Procurement
Project HR
Project Communication and Collaboration
Project Risk Management
Stakeholders

www.nibt.education

Planning For A Great Career in Project Management?
Some Challenges faced by Individuals and Organizations
• Project execution problems
• Lack of advanced knowledge
• Unfamiliarity with cutting edge project management
technology
• Hurdles in great opportunities
• Lack of practical knowledge in project management

• Vast differences in technical standard aspects between
India and International standards
www.nibt.education

Benefits of PMP Certification for Project
Managers

• Higher Salary Potential

• Better Job Opportunities

• Greater Job Security
• Enhanced Credibility
• Increased Global Opportunities
• Additional Knowledge, Skills, Techniques, and Tools
• Wide Benchmark of Project Management Knowledge and
Competence
• Be a better adviser

www.nibt.education

Earned Value Management
Virginia Tech Certification
Earned Value Management (EVM) is a project management methodology that integrates scope, schedule and cost to
assess how the project is performing against the project plan, also referred to as Performance Measurement Baseline
(PMB). EVM measures project cost performance by comparing budgeted cost of work accomplished against its actual
cost. EVM also measures project schedule performance by comparing budgeted cost of work accomplished against
budgeted cost of scheduled work that should have been completed. By providing a uniform unit of measure and a
consistent methodology for reporting progress, EVM provides an objective measure to assess cost and schedule project
performance.

www.nibt.education

Career Options After Earned Value Management
• Business Analyst

• Project Scheduler

• Program Planner

• Project Manager

• Scheduler

• Risk Manager
• Project Planner

www.nibt.education

Who can take this course?
• Project Managers

• Professionals

• Planners/Schedulers

• Architects

• Cost Controllers

• Engineers

• Students

www.nibt.education

OUR SOLUTIONS

CLASSROOM TRAINING

CUSTOM CONTENT
SOLUTIONS

MANPOWER SOLUTIONS

LEARNING MANAGEMENT
SYSTEM

INSTITUTIONAL SERVICES

www.nibt.education

VIRTUAL CLASSROOMS

CORPORATE SOLUTIONS

OUR MANAGEMENT

VIVEK MOGAL
Director
A Civil Engineer by profession,
active in the construction
industry. He is always keen on
learning new things and has a
vast knowledge of the latest
construction trends.

CHETAN MOGAL
CEO, MagnasoftBIM

Holds a Master’s Degree in
Building Construction from
Virginia Polytechnic University,
USA. An adviser to NIBT. Active
Smart Cities panel member.

www.nibt.education

VIVEK KUMAR YADAV
Regional Manager
Mr. Vivek Kumar Yadav is passionate
about building high-performance
teams and enjoys being actively
involved in building strategies for
business growth. With a vast
experience in various fields as in
Cloud Technology, Project
Management and Operations
Management during his tenure, he
has set a benchmark for the NIBT
training process and business
growth.

OUR DIFFERENTIATORS

THOUGHT LEADERSHIP
- Global expertise in
Construction Management

ORGANIZED DELIVERY

-

During Operations, timely
publishing of:

SCALABILITY OF DEPLOYMENT

- Health Check Reports

Ability to set up and deploy
large scale projects in a short
period of time

Access to learning solutions
implemented in various
geographies

- Dashboards : Capacity
Utilization
- Impact on KPIs

LOCALIZED SOLUTIONS
Capability to Hire, Recruit and
deploy Local resources &
solutions across multi-cultural
geographies

www.nibt.education

TRANSPARENCY
Audited body with
complete transparency in
all transactions

SUCCESS STORY
• After acquiring global recognition, NIBT has gained
significant traction in providing the most advanced
courses for BIM, Construction Management, GIS &

2018

Photogrammetry on a global level
• Today, NIBT has produced the best individuals in
the fields of Construction and GIS through

2017

2016

2015

• Collaborated with Virginia Tech
University to build high-end
opportunities through a global
curriculum & international
certification

• NIBT started training centers in
Bengaluru, Mangaluru, &
• Designed Basic Construction Management &
Hyderabad to create a global
GIS Courses
platform for constant technology
innovation
• Facilitated Training & Internship programs
with 100% Employment Assistance for BIM
and GIS professionals in renowned MNC’s

Launched as an R&D Pilot Project
and later came into a full-phase
institute to impart high quality
education for BIM

www.nibt.education

unlimited learning possibilities

ANY QUERIES
For more info on our EVM course, visit our page https://nibt.education/elearning/courses/33-earn-value-management
www.nibt.education

www.nibt.education


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