Earned Value Professional (EVP) – AACE

Earned Value Management (EVM) – the global de facto standard for performance management and project control

Performance measurement as the basis to manage projects, programs and portfolios, is becoming increasingly important for project-based organizations. Originally developed by the US Department of Defense (DoD) back in the mid-60's, Earned Value Management (EVM) has been maturing and evolving over the last decades as the global de facto standard for performance management and project control. The ultimate goal of EVM is to provide stakeholders with reliable data and quantitative information about the project status and performance to improve project success.

The adoption of Earned Value Management (EVM) implies a cultural change towards objectivity, proactivity, and opportunity management wherein variance, deviations, and
changes are all the source for developing knowledge, gaining better understanding and improving a project. Earned Value Management (EVM) is also the foundation for auditability in projects.

With the professional AACE - Earned Value Professional (EVP) certification, you demonstrate that you master the concept and application of Earned Value Management (EVM), a key requirement for all professionals involved in making or influencing management and business decisions in projects, programs, and portfolios.

Earned Value Management (EVM) is one of the most important and needed project management tools, especially in engineering and construction.

Who should attend the AACE - Earned Value Professional (EVP) training?

In this AACE - Earned Value Professional (EVP) training, you will be introduced to the EVP concepts and how to implement Earned Value Management (EVM) as the most effective and efficient approach to project performance measurement and management. The training is ideal for professionals seeking a structured, objective and internationally recognized method for project performance measurement.

This much required training is aimed at project managers, program and portfolio managers, project control professionals, contract administrators, construction managers, project engineers, industrial engineers, operations managers, cost controllers, (cost) estimators, cost account managers, project analysts, project planners/schedulers, and every other professional who is interested in a structured and objective approach to project performance management.

EVP certification – eligibility requirements

To become an AACE - Earned Value Professional (EVP) you must have at least:

• 8 years of industry related experience, or
• 4 years of industry related experience + 4 years of industry related college degree

About the Association for the Advancement of Cost Engineering (AACE)

AACE International is a non-profit, leading-edge professional association, founded in the USA. AACE International is the largest organization serving the entire spectrum of the cost management profession. It is a member-driven organization that is serving the profession around the world. Members get the resources to enhance their success over the span of their career. There are over 10,000 members around the world in 100+ countries. Members include cost management professionals in disciplines such as: cost engineering, cost estimating, planning and scheduling, decision and risk management, project management, project control, cost/schedule control, earned value management, claims, and more.

Earned Value Professional (EVP) – exam

The AACE-Earned Value Professional (EVP) exam is a closed-book exam, tests 6 domains plus 1 communication domain, consists of 119 multiple-choice and compound scenario questions, and takes 5 hours. To pass the exam you need an overall average score of 70% or higher. The 6 domains that are tested are:
Domain 1 – Organizing (15 questions)
Domain 2 – Perform planning & scheduling duties (16 questions)
Domain 3 – Perform budgeting duties (15 questions)
Domain 4 – Account considerations (13 questions)
Domain 5 – Analysis and management reports (41 questions)
Domain 6 – Revisions and data maintenance (19 questions)

One domain is about communication, comprised of a memo writing assignment with a given scenario and instructions for writing a response in an onscreen text box.

With testing centers all over the world, Kryterion serves as an approved (online) examination proctor for the Earned Value Professional (EVP) exam. You can take your computer-based exam any day and anytime that suits you. If your computer meets the system requirements, you may take your EVP exam via online proctoring (OCP).
The official AACE - Earned Value Professional (EVP) exam is included in the training, and we will support all participants in applying for their exam.

EVP recertification and maintenance

Your Earned Value Professional (EVP) certification is valid for 3 years and must be recertified through the accumulation of 12 Continuing Educational Units (CEUs). You can also recertify by taking and passing the AACE - EVP exam again.

Earned Value Professional (EVP) study materials

As a delegate of this training you will receive the following study materials:

• EVP candidate handbook
• AACE's Earned Value Professional (EVP) certification study guide (3rd edition)
• AACE's Skills & Knowledge of Cost Engineering (6th edition)
• AACE's Recommended Practices regarding EVM
• AACE's Total Cost Management Framework
• Earned Value Project Management (4th edition)
• The Standard For Earned Value Management (ANSI/PMI)
• Project Management using Earned Value (4th edition)
• EIA-748-D (most current version)

Supplies for the EVP training

You are required to have a laptop with Microsoft Excel installed. Ideally, it should also include Microsoft Project.

PDUs from the Project Management Institute (PMI)

For delegates already holding professional certifications granted by the Project Management Institute (PMI), the AACE - Earned Value Professional (EVP) training can be submitted as an educational activity, granting you up to 40 PDUs (Professional Development Units).