Masterclass | Controlling the triple constraint through earned value – Niels Ligtvoet
Niels Ligtvoet (EMBA, PMP®️) is the managing director of Proove in Lisbon. Proove is a project controls consulting company originally from Belgium.
He has been involved in projects across various industries ranging from nuclear waste storage infrastructure, pharmaceuticals, and offshore wind to (renewable) energy.
During his career, Niels implemented the first Earned Value Management System in Belgium and continued implementing the philosophy with various other clients.
Applying Earned Value Management (EVM) principles to your project has significant advantages, especially in integrating scope, time and cost. This technique invented by the US Department of Defense adds excellent insight into the health of your schedule and its financial health, which the financial project controller typically cannot provide because of payment and invoicing delays.
During this full-day session, we will cover the basic calculations and apply them to a case project to get a greater grip on it. The teacher shares real-life takeaways from an implementation project in Belgium in the afternoon. A tier 2 implementation was conducted, and some invaluable lessons were learned, which he´s happy to share. Later, an improved version of the technique will be proposed. This proposal deals with the key takeaways and some of the observed pitfalls of applying the original technique. We end the day through a panel discussion on the future of EVM, where all your open questions will be answered.
EVM case | The monorail case is an interactive case where all participants are challenged to:
- Generate the baseline schedule
- Distribute budget over the schedule
- Measure performance
- Analyze progress and KPIs
- Make decisions on EAC
Engaging in the monorail case will teach participants core EVM principles.