Project Cost Management and EVM with Primavera

A hand-on workshop for EPC, Engineering and Manufacturing organizations.
Program Overview
  • There are various project management tools for managing projects, but all include a similar set of basic functionalities for project initiation, planning, execution, monitoring & tracking, and project closure.
  • The Project Cost Management and Earned Value Management (EVM) with Primavera course provides participants with an in-depth understanding of cost management in project environments.
  • Participants will learn how to apply Primavera's powerful cost tracking and EVM capabilities to ensure financial control and performance tracking across all phases of the project.ning covers foundational principles, agile methodologies, RE techniques within Agile, and hands-on exercises for real-world application. Participants gain a comprehensive understanding of how RE and Agile complement each other, leading to more effective, value-driven projects.
  • This program provides immediate return on investment by increasing the productivity and efficiency of the project teams by using project management software (Primavera).
This program is designed with a 2-phase approach to suit the organization’s specific needs.

Phase 1: Project Cost Management and EVM with Primavera – 2 day
Phase 2: Post-workshop: Implementation Follow-up Session – for 3 months

Key Learning Objectives
  • Learning the use of Primavera for Project Cost Management and Earned Value Management (EVM).
  • Learn how to set up budgets and track cost performance using Primavera.
  • Understand the principles of Earned Value and how to apply it to measure project progress.
  • Learn to generate detailed cost reports and forecasts to manage budgets effectively.

Workshop Content

  • Overview of Primavera’s cost management features
  • Key concepts of cost planning and management in Primavera
  • Resource Management: Defining resource costs and rates
  • Cost Loading: Assigning cost to activities and resources
  • Project Cost Structure: Setting up project-specific budgets and baselines
  • Introduction to EVM: Understanding key metrics (PV, EV, AC)
  • Earned Value Calculations: Cost and schedule performance indices
  • Forecasting and Variance Analysis: Predicting future performance based on current progress
  • Tracking Actual Costs: Entering actual expenditures and resource usage
  • Variance Analysis: Identifying cost and schedule variances using EVM
  • Baseline and Budget Comparison: Monitoring project performance against baselines
  • Cost Performance Reports: Creating detailed cost reports for stakeholders
  • Forecasting Reports: Using Primavera to predict project cost outcomes and risks
  • Exporting Data: Sharing cost reports and forecasts in various formats
  • Cash Flow Analysis: Forecasting cash flow using Primavera's tools
  • Project Cost Optimization: Identifying areas to optimize costs and improve financial performance.
Who Should Attend?
  • Project Managers, Cost Engineers, and Financial Controllers managing project budgets and costs.
  • Professionals involved in tracking project performance and ensuring cost control.
  • Project team members working in roles related to project finance, cost forecasting, and EVM.
  • Professionals looking to implement Primavera's EVM capabilities for better financial and performance tracking.
Deliverables
  • Program Courseware
  • Training Certificate
  • Ongoing support via meeting/telecon/mail/web conference, as suitable.
Duration
  • Workshop duration: 2 days
  • Follow-up Support Session – 3 months (one session per month)
Why Choose Arience?

Specialized Expertise in EVM

Arience is a leader in project cost management and EVM training, offering in-depth knowledge tailored to Primavera’s capabilities.

Focus on Practical Outcomes

Led by experts in both RE and Agile, our trainers provide real-world insights and strategies.

Tailored Training for Business Needs

The program is designed to meet the unique needs of various industries, ensuring relevance and applicability.

Continuous Learning Support

In addition to training, Arience offers post-workshop follow-ups to help participants navigate their cost management and EVM tasks effectively.

Professional Certification

Participants will receive an industry-recognized certificate, verifying their skills in Primavera for cost management and EVM.

The Next Step

Ready to join the training program?
Would you like to learn more about it?
Contact Arience today for expert guidance and support.
Contact us
  • Primavera® is a registered trademark of Oracle Corporation.
  • Arience is a registered training provider partner of IREB, Germany.
  • Arience is a delivery partner of TUV SUD South Asia.
Arience provides end-to-end program and project management process maturity services for EPC, Power, Automotive, Engineering OEMs, and Suppliers.