MDP256A - Project Management Earned Value Management Systems & Methods (EVMS)

Course Schedule

#Days	Tuition	Course Schedule and Location	Schedule Your Own Training
2	$1595	Would you like the opportunity to bring our training to your city? Leave the details to us – with a sufficient number of people, we’ll set up the location and manage all of the logistics for you.	Provide us with your information.

Credits/Units 1.4 CEU 14 PDU

Course description
This course will introduce you to the concepts of Performance Measurement using Earned Value Systems. Earned Value Management is a technique used to quantitatively assess the real progress of a project by understanding the work that was completed, the time taken to complete it, and the actual costs or effort to complete the work. You will learn the fundamental tools and techniques for every day efforts of measuring project performance and how to convey this information to management and stakeholders.

Who should attend
Program managers, project managers and project team members who are responsible for measuring project performance will benefit from this course. The class is intended for managers and team members who require insight into how to assess project’s health as well as being able to determine a project’s potential for success or failure, based upon stakeholder/sponsor expectations. The attendee should have a basic understanding of project management theory which is essential for maximizing the course content.

What you will achieve

Be able to assess the cost/schedule “health” of your project

Learn how to prepare invaluable exception reports which will impress senior management

Determine how to access early warning signs of project cost/schedule problems

Maximize your potential for getting projects completed on time

Be able to adjust project strategy and make informed decisions based on project performance

Focus on projects that need more attention

Generate earned value reports for middle and senior management

Provides a better understanding of EVM capability

Understand the technique for assessing work in progress to indicate what will happen in the future

What you will learn

The importance of a good cost/schedule baseline to measure performance against

The concepts of Earned Value and Performance measurement

The tools and techniques for using Earned Value for either cost driven or effort driven projects

The numerous techniques for assessing earned value

How to determine and analyze cost and schedule variances

Learn the use of PV/EV/AC – the three major components of Earned Value

How to calculate and use CPI and SPI

How to analyze the Earned Value metric

How to forecast the results of your project using earned value