GOVERNMENT SOLUTIONS

	Training
	Government Advanced Training

Earned Value Management and Project Performance - Two-Day Seminar

Program Number: ADEV22
PDUs: 12

This course is based on

• Practice standard for Earned Value Management by project management institution
• EIA-748-A Earned Value Management Systems Standard

1.0 Introduction

• Seminar member introduction and overview of course material

2.0 Overview and History of Earned Value

• Defining Earned Value when used on projects
• History of Earned Value
• Rationale upon which Earned Value is based

3.0 Earned Value Methodology

• Comparison of Earned Value methodology to traditional project tracking
• Why Earned Value provides better information for monitoring and controlling projects

  Group exercise on using earned value methodology

4.0 Scope Key to Successful Earned Value

• Why the scope with WBS is so important
• Learn the proper way to develop the scope and WBS
• How to set up a Deliverable Breakdown Structure (DBS) and a Work Breakdown Structure (WBS) in a manner that facilitates the capture of information necessary for Earned Value analysis and reporting

5.0 Preparing to use Earned Value

• What information must be captured in order to use Earned Value
• How the information must be structured to facilitate Earned Value Analysis and Reporting
• Multiple Cost Account Codes (Pro’s and Con’s)

6.0 Using Earned Value

• How to use the information captured by an Earned Value System
• What the information tells you about project performance
• How to use Earned Value information for decision-making

  Group exercise on earned value analysis

7.0 Predicting Project Performance using Earned Value

• Using the Cost Performance Index (CPI) to estimate Project Cost Performance
• Using the Schedule Performance (SPI) to estimate Project Schedule Performance
• Calculating the Estimate at Completion (EAC)
• Calculating the Estimate to Completion (ETC)

8.0 Change Management and Baseline Upkeep and Data Collection

• Learn why EV and change management works hand in hand
• Learn why it is important to do proper upkeep in your project baseline
• Learn why data collection is important

9.0 Avoiding Common Pitfalls

• Avoiding common project pitfall with dealing with different types of budgets

  Group exercise on avoiding common pitfalls

10.0 EVM Reporting

• Learn the different types of charts, graphs and presentations use in EVM reporting

11.0 EIA Standard - 748