Project Management: Cost Control & Earned Value Management

Cost Control, Burn Rate, Planned and Earned Values, Cost Performance & Schedule Performance Indexes

What you'll learn
Students will learn the fundamentals of Project Cost Control and Earned Value Management (EVM).
Will understand how to measure and control project cost and schedule performance.
Will learn key metrics such as burn rate, planned value, earned value, Cost Performance Index (CPI), and Schedule Performance Index (SPI).
Students will learn how to identify cost and schedule variances early in a project.
Will understand how to assess overall project health using performance data.
The course includes a real Northfield Pedestrian Overpass Bridge Project case study for practical application.
Students will learn how to apply EVM concepts in real project environments.
And will gain skills to support better project decision-making and control outcomes.

Requirements
Basic Project Management Skills

Description

This course contains the use of artificial intelligence.
This course provides a practical introduction toProject Cost Control and Earned Value Management (EVM) through a real-world project management case study.

Learners will gain hands-on understanding of how project performance is measured and controlled using key cost and schedule management tools.

Using a structured project case study, you will learn how to interpret and apply essential project control metrics such as Burn Rate, Planned Value, Earned Value, Cost Performance Index (CPI), Schedule Performance Index (SPI), Cost Variance (CV), Schedule Variance (SV), Estimate at Completion (EAC), Estimate to Complete (ETC), and Variance at Completion (VAC).

The course demonstrates how these indicators are used to assess project health, identify variances early, and support informed decision-making throughout the project lifecycle.

A key feature of this course is theNorthfield Pedestrian Overpass Bridge Project case study, which brings real-world context and practicality to the learning experience.

Through this example, you will see how cost control principles are applied in a live project environment, from planning through execution, monitoring, and control.

This helps bridge the gap between theory and real project execution challenges.

By the end of the course, you will be able to effectively monitor project budgets, evaluate performance trends, and understand whether a project is on track in terms of cost and schedule objectives.

This knowledge is essential for project managers, engineers, planners, and anyone involved in project delivery and control.

Who this course is for
All Levels