Description

Earned value management training from Gatlin International is an in depth study of this vital area of the project management process. A thorough understanding earned value management is vital to the success of your project and allows you to effectively and objectively assess the performance of your project. In our earned value management, or EVM training course, students learn the necessary skills to plan and manage a project using earned value concepts. The earned value project management course is designed to guide you through the EVM process by analyzing a case study from start to finish and incorporates various exercises in a format to give you hands-on, real world experience in earned value management.

Earned value management is a proven method for planning and measuring project performance and establishes a consistent method for planning and estimating all types of projects. Earned value management provides the framework for developing consistent measurements across various projects and industries. EVM is the true project performance measurement system and is supported by the PMI College of Performance Management (PMI-CPM). Earned value management has been accepted as the American National Standard Institute (ANSI) standard and private contractors for the United States Department of Defense (DoD) are now required to use EVM techniques in their government contracts (ANSI/EIA-Standard 748). Earned value management, or EVM training from Gatlin International offers the convenience of our anytime, anywhere, online approach to learning that allows students to gain the earned value project management training they need as their busy schedules allow.

Course Objectives

Upon successful completion of the EVM training programme, students will be able to:

• List the planning elements that are essential to setting up projects for Earned Value tracking.
• Determine how to apply the appropriate completion credit rules for all types of project work efforts.
• Understand the Earned Value formulas and demonstrate how to apply them correctly.
• Demonstrate how to apply Earned Value to status current project performance and forecast project completion.
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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

Click here to view a demo of this course.

Additional Info

Languages

English

Course Length

30.00 hours

Duration of Access

Instructor

Nikki Choyce, PMP

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