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..