Using Earned Value Management in Your Construction Audit Reports 2 Credits
Construction Audit Series
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This webinar is a part of the Construction Audit Series by Denise Cicchella!
Planning, controlling, and monitoring progress are key management functions for the effective implementation of construction projects. Commonly used instruments enabling the performance of these functions include schedules and budgets, often in the form of a cost estimate. They are created at the initial planning stage to monitor and control cost and time deviations. Moreover, popular monitoring techniques are, for example, observation of milestones and comparative analysis of actual versus planned costs. One such monitoring technique is the Earned Value Method (EVM) - which, despite its benefits, remains relatively unused in construction projects.
How much is that delay costing?Â
At the end of the day, how much over budget will we be?Â
How much more do we owe on this project? These are all normal questions of Upper Management.
Using Known Earned Value Management Formulas, you can answer these questions.
EVM is a well-known method that affords the collection and analysis of comprehensive amounts of information about a project’s progress. It is well known and has been the subject of research aimed at its further development. It gives a good indication of how the project is progressing compared to what was planned and enables forecasts to be made about the eventual cost and time that will be required to complete the project.
This CPE Auditing webinar will help you to understand everything about Earned Value Management (EVM). Speaker Denise Cicchella will also assist attendees in using Earned Value Management in the Construction Audit Reports.
This course covers the following Major Topics:Â
Note: Students should come to class with an open Excel Spreadsheet to assist with exercises.
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Denise Cicchella is a seasoned expert in audit and compliance, boasting over two decades of experience in the industry. As a Certified Internal Auditor (CIA) and Certified Fraud Examiner (CFE), she has a distinguished track record of enhancing organizational integrity and efficiency through meticulous financial oversight and strategic risk management. Denise’s expertise spans various sectors, including healthcare, manufacturing, and finance, where she has consistently demonstrated her ability to uncover and mitigate fraud, optimize internal controls, and drive compliance initiatives.
Denise is a published author and has written four books on internal audit and project management. They are:
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DN
I found this training to be very informative and useful in dealing with construction projects and calculating costs.
DN
I found this training to be very informative and useful in dealing with construction projects and calculating costs.
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