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