GOVERNMENT SOLUTIONS

	Training
	General Business Courses

Using Earned Value to Manage your Plan vs. Actual - One-Day Seminar

Program Number: PMEV22
PDUs: 6

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 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
• 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
• Multiple Cost Account Codes (Pro’s and Con’s)

5.0 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

6.0 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)

7.0 Avoiding Common Pitfalls

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

  Group exercise on avoiding common pitfalls