Accredited project management training provider

Earned Value Management (EVM) Practitioner Course

Delivery Methods

This course can be taken through any of the following:

Course Overview

This training course provides a thorough working knowledge of the benefits, principles and practices of Earned Value Project Management and provides the skills required to take an active role in implementing an EVM process or system.

Duration

2 days

Intended For

All project, programme and business management personnel who require a working knowledge of the essential principles, practices and requirements of an Earned Value Project Management process.

Course Objectives

  • To provide a real understanding of benefits of Earned Value Management at the project level
  • To demonstrate how to design and implement an EVM process that has clear integrity and adds real value to the management of projects of all domains and sizes
  • To provide a detailed level understanding of the principles and practices of effective Earned Value Project Management Implementation.
  • To provide practical skills in how to interpret of the outputs of an Earned Value system at the project level

Agenda

Session Agenda
Earned Value Project Management – Background, Benefits and Impact
  • Background – the origin and history of Earned Value Project Management
  • Benefits – the potential benefits of effective Earned Value Project Management implementation at the project and control account level
  • Impact – the impact of implementing Earned Value Project Management on the business functions required to support a project from bid through to closure
Earned Value Concepts:
  • Project planning
  • Progress measurement
  • Accounting for labour and materials
  • Reporting
  • Analysis
  • Change Control
  • Common issues and errors
  • Process ownership and responsibilities
Developing Control Accounts
  • Benefits of Product Based Work Breakdown Structures
  • Options
  • Organisation Breakdown
  • Cost Breakdown
  • The role of Integrated Project Teams
  • Identification of the Control Accounts
  • Compilation of supporting documentation
  • Role of the Control Account Manager (CAM)
EVM Data Elements
  • Planned Value (aka BCWS)
  • Earned Value (aka BCWP)
  • Actual Cost (aka ACWP)
  • Earned Value performance data:
  • Schedule – Schedule Performance Index
  • Cost – Cost Performance Index
Forecasting using EVM
  • Project schedule and cost
  • Estimate at Complete (EACs)
  • Independent EACs
  • To Complete Performance Index (TCPI)
EVM Analysis
  • Interpreting core EV data
  • Translating EV data into performance data
  • Methods to communicate EV to stakeholder groups
Integrating EVM and Risk Management
  • Major links between EVM and Risk Processes
  • Contingencies & Reserves
  • Mitigation planning & EVM budgeting
  • Contingency (fall-back) planning & EVM budgeting
EV Baselines and Change Control
  • Project change and EV
  • Maintaining-v-changing the EV baseline
  • Disciplines for effective baseline management
EV Reporting
  • Industry standard EVM report formats
  • Internal Reporting
  • Customer reporting
  • Data integrity
  • Supplier (upward) reporting
  • Customer access to EV data
Reviews and Data Integrity
After this course: you will have a greater understanding of key success factors in Earned Value systems and how to use the data productively

Email for further details on this course

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