Overview
Earned Value Management is a four-day, instructor-led, training class designed to introduce participants to the essentials and advanced tools of the Earned Value Analysis technique.
The course structure effectively combines lecture and discussion with hands-on application of useful project reporting, monitoring, and controlling techniques for project scope, schedule, and cost baselines.
Course length can be adjusted to suit your needs.
Audience
The course will benefit project managers, team members, functional managers, and other key project stakeholders in any industry.
Length
32 hours
Outline
Introduction to Earned Value Management (EVM)
- Basic Terminology and Definitions
- History and Background of EVM
- Value Proposition of EVM
- EVM Considerations
Scope Baseline
- Scope Definition
- Scope Decomposition
- Milestones for Scope
Schedule Baseline
- Activity Definition
- Activity Sequencing
- Activity Duration Estimating
- Network Diagramming/Critical Path
- Schedule Baseline
- Schedule Compression
- Resource Planning
- Resource Loading
Cost Baseline
- Estimating Costs
- Establishing Budget
- Formulating Cost Baseline
- Cost Accounts
EVM Baseline
- Milestone Reporting
- Establishing Baseline Measurements
- Status Reporting Using EVM
- Forecasting Using EVM
- Change Control and EVM
- Lessons Learned
Hands-on Application and Practice
Participants will further expand their knowledge and experience through applied individual and team exercises. Using a selected organizational case study approach, participants will manage a sample project from initiation to closing through the following exercises:
- Stakeholder Assessment
- Work Breakdown Structure
- Activity Definition and Sequencing
- Activity Duration Estimating
- Schedule Development: Network Diagram and Critical Path Analysis
- Roles and Responsibilities Definition
- Cost Estimating and Budgeting
- Earned Value Reporting
- Change Control and EVM
- Lessons Learned