Published: August, 2022
This webinar is a part of the Construction Audit Series by Denise Cicchella!
Planning, controlling, and monitoring progress is 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 Earned Value Method (EVM) - which, despite its benefits, remains relatively unused in construction projects.
How much is that delay costing?
At the end of the day, how much over budget will we be?
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 analyzing 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 to use Earned Value Management in the Construction Audit Reports.
Note: Students should come to class with an open Excel Spreadsheet to assist with exercises.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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Founder & CEO, Auspicium
Auspicium was founded as a management consulting firm specializing in audit, real estate management, facilities management and Construction Audit and construction audit cost recovery. We specialize in consulting, fraud examination, risk assessment, and training. Our founder is a recognized leader in the field and has spoken for private companies as well as for The Instiute of Internal Auditors and the Association of Certified Fraud Examiners.