Project Budgeting & Cost Control EVM with Real Examples

This course contains the use of artificial intelligence. This course moves beyond theory by focusing on real project application of Cost Control and Earned Value Management (EVM) using a practical Northfield Bridge project case study, helping learners understand how project performance is measured, controlled, and applied in real workplace environments for better decision-making and delivery outcomes. This course provides a practical introduction to Project Cost Control and Earned Value Management (EVM) through a real-world project management case study.

Learners will gain hands-on understanding of how project performance is measured and controlled using key cost and schedule management tools. Using a structured project case study, you will learn how to interpret and apply essential project control metrics such as Burn Rate, Planned Value, Earned Value, Cost Performance Index (CPI), Schedule Performance Index (SPI), Cost Variance (CV), Schedule Variance (SV), Estimate at Completion (EAC), Estimate to Complete (ETC), and Variance at Completion (VAC). The course demonstrates how these indicators are used to assess project health, identify variances early, and support informed decision-making throughout the project lifecycle.

A key feature of this course is the Northfield Pedestrian Overpass Bridge Project case study, which brings real-world context and practicality to the learning experience. Through this example, you will see how cost control principles are applied in a live project environment, from planning through execution, monitoring, and control. This helps bridge the gap between theory and real project execution challenges.

By the end of the course, you will be able to effectively monitor project budgets, evaluate performance trends, and understand whether a project is on track in terms of cost and schedule objectives. This knowledge is essential for project managers, engineers, planners, and anyone involved in project delivery and control.