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earned value management training

evm training Course Content

Earned Value Management Introduction
  • The need for the EVM
  • Project dilemma
  • The role of EVM: Monitoring projects
  • Project controls
  • Management by the milestones
  • Characteristics of EVM
  • Milestones
  • Milestones as measures
  • EVM project planning
  • EVM terminologies
  • EVM statistics
  • EVM data
  • Basic EVM terminology illustrated
  • Performance statistics
  • Forecasting
  • Management by the exception
  • The value of the earned value
History of EVM
  • A hundred years of evolution
  • Cost control for the government
  • Limited adoption in private sector
  • A simpler version: EVMS
  • Back to basic earned value principles
Ingredients necessary for EVM
  • Overview of EVM planning
  • Management questions answered by EVM
  • EVM stages
  • Precision & rigor
  • Three dimensional view of a project
Defining scope
  • Defining the work to be done
  • What’s in & what’s out
  • Work breakdown structures
  • Decomposition to work packages
  • Decomposition to task & activity
  • WBS terminology
  • WBS principles
Scheduling the project
  • Scope & then schedule
  • EVM scheduling requirements
  • Master schedule
  • Vertical integration
  • Horizontal integration
  • Example schedules
Integrating scope, schedule & costs through CAPs
  • Control account plan
  • The role of CAPs
  • CAP ingredients
  • CAP size & number
  • The CAP rule
  • CAP examples
  • What is left to complete a project plan?
Establishing an EV measurement baseline
  • EV measurement baseline
  • Questions answered by the baseline
  • Planning & measuring earned value
  • Establishing an EV measurement system
  • Considerations for choosing a measurement method
  • Methods used to plan & measure EV
  • Example CAP with EV measures
  • Project cost baseline
  • PMB components
  • change Managing
Monitoring performance against baseline
  • Monitoring starts at the task level
  • Trend indicator
  • Management by the exception
  • Cost performance index
  • Using the CPI
  • Schedule performance index
  • Using SPI
  • Cumulative Versace periodic data
Forecasting final cost & schedule results
  • Management with the headlights on
  • Factors determining project results
  • Statistical forecast
  • Estimate at the complete
  • To complete performance index
  • Schedule forecasting EACt
EVM criteria review
  • EVM overview
  • Implementing EVM