Earned Value Management for Projects
Learn How to Evaluate and Control Projects and Provide an Accurate Project Summary
The Earned Value Management for Projects course teaches participants how to objectively measure project performance. Earned Value Management is critical to every project’s success.
Using interactive discussion, case studies and exercises, this course teaches the skills and techniques to plan and manage any project utilizing the Earned Value Management concepts. Participants are guided through the process for a complete understanding and leave with the ability to apply the techniques presented. This course can be designed for a 2 or 3 day training session.
Training Benefits
- Apply the planning elements essential to set up projects for Earned Value tracking
- Apply the appropriate completion credit rules for all types of project work
- Distinguish the difference between EVM in corporations and in the federal environment
- Use the Earned Value Management formulas and apply them correctly
- Apply Earned Value Management to current project performance and forecast project completion
Overview of Concepts and Deliverables Provided
- Introduction to Earned Value Management
The History of earned value management
The role of EVM: Monitoring projects
Milestones
EVM terminology
Management by exception
Cost control for government
Basic earned value principles
- The Elements of EVM
An EVM planning overview
Management questions answered by EVM
EVM stages
A three-dimensional project view
- Defining the scope
Defining the work
Work breakdown structure
WBS principles
- Scheduling
Scope and then schedule
Scheduling requirements
- Establishing an EVM baseline
Project Cost Baseline
Questions answered by the baseline
Planning and measuring earned value
Establishing an measurement system
Managing change
- Monitoring performance against a baseline
Monitoring starts at the task level
Using Trend indicators
Applying Management by Exception
Cost performance index
Schedule performance index
Understanding cumulative vs. periodic data
- Forecasting final cost and schedule results
Factors determining project results
Statistical forecasts
- EVM criteria review
Implementing EVM
To receive more information about this Project Management Course call toll free at 877-385-5515.
You may also email us at This email address is being protected from spambots. You need JavaScript enabled to view it..
