Description

Understanding Earned Value Management is critical to your project success. It allows you to more objectively measure project performance. In this course, you will learn what is necessary to plan and manage your project utilizing Earned Value concepts. The course is designed to walk you through the process using a case study from start to finish. Several exercises are incorporated into the format to give you hands-on practice.

Earned Value is a proven method for planning and managing project performance. In addition to establishing a consistent way of planning and estimating all types of project work efforts, it provides the framework for developing consistent project management measurements across projects and industries. It is the true project performance measurement system. It is promoted and supported by the PMI® College of Performance Management (PMI®-CPM®), and it has been accepted as the American National Standard Institute (ANSI) standard. Private contractors for Department of Defense (DoD) are now held responsible for using these techniques in their government contracts (ANSI/EIA-Standard 748).

Outline

Topics covered in the earned value management training course from Gatlin International are outlined below.

I. Defining the Project Scope

1. Project versus Product Scope
2. Decomposition
3. Work Breakdown Structures (WBS)

II. Creating the Project Baseline

1. Developing a time-scaled Network Diagram
2. Developing the Project Cost Baseline

III. Completion Credit Rules

1. Discrete Work Effort Rules
2. Dependent Task Rules

IV. Using Earned Value for Statusing

1. Earned Value elements
2. Measuring Schedule Performance
3. Measuring Cost Performance
4. Interpreting the Formulas
5. Management Overview Formulas

V. Using Earned Value for Controlling Project Performance

1. As a root cause analysis tool
2. Understanding the Language of Variances

VI. Forecasting Project Completion

1. Forecasting Terminology
2. Forecasting based on Typical Variances
3. Forecasting based on Atypical Variances

VII. Interpreting The Formulas

1. Is the project performing as planned?
2. What is the projected completion date/budget?
3. Is the project ok? Or is recovery necessary?

Demo

Additional Info

Languages

English

Course Length

30.00 hours

Duration of Access

All of our programs are self-paced and open-enrollment. You can start and finish the program at your own pace. When you register for this program, you're given 90 days (three months) to complete it. If you need more time, three-month extensions are available

Instructor

Nikki Choyce, PMP is a seasoned project management practitioner with over ten years experience working as a consultant and instructor in the field of project management. She is the president of Infotech Management, a Fort Worth-based Project Management services firm. In addition to her work responsibilities, she is an active volunteer within PMI®, currently serving as an officer in the local PMI® chapter.

Prerequisites/Audience

The Understanding Earned Value Management training programme is considered an intermediate to advanced level project management course. We recommend that students either be certified Project Management Professionals, have three to five years of work experience as a project manager, have taken the GES Project management course, or equivalent coursework.

This programme is designed for those who truly want or need to know how to apply and interpret EVM on their projects.

Requirements/Materials Included

The EVM training course can be taken from either a PC or a Mac. Students will need a high-speed Internet connection (cable or DSL recommended) and emailing capabilities.

GES will provide the following textbooks:

• Practice Standard for Earned Value Management published by the Project Management Institute, Inc. 2005
• Earned Value Project Management, 3rd Edition by Quentin W. Fleming and Joel M. Koppelman, 2005