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.

A Guide to the Project Management Body of Knowledge (PMBOK^® Guide) areas covered: Time Management, Communications Management, Cost Management, Scope Management. 

Other areas covered: US Government Standard for EVMS.

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 will my seminar experience cover?

Introduction

Terminology

Project management

Triple Constraint

Scope management

Work Breakdown Structure

Schedule

Cost Estimate

Basics of Earned Value Management

Terminology

EVM Rules & Concepts

Application

Measurement

Interpretation

EVM Control

EVM Presentation

How will I benefit?

Develop and enhance the contributions you make to your organization by learning:

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

- The concepts of Earned Value and Performance measurement

- The numerous techniques for assessing earned value

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

- How to calculate and use CPI and SPI

- How to forecast the results of your project using earned value

Instructional Methods

Include discussion, lecture, group exercises and presentations.