Financial accountability is at the top of the President’s agenda and the ripple effect flows all the way down to individual project managers and their responsibility to ensure that projects are effectively planned, executed and completed within the agreed upon cost and schedule commitments. In this 2-day seminar, you will learn how to establish and manage to an effective and realistic performance measurement baseline (PMB) using ANSI-compliant earned value management practices. This class will take you beyond EVM terms and definitions to applying earned value management techniques. The seminar will cover organizing the project work for effective control, planning the project scope, schedule and cost baselines, establishing the performance measurement baseline, managing performance through the use of control account plans, measuring and analyzing performance, planning and executing corrective actions, forecasting future performance, reporting project performance and performing integrated change control on the PMB.

A Guide to the Project Management Body of Knowledge (PMBOK^® Guide) areas covered:
Project Integration Management.

Who should attend?
Project managers seeking to improve project performance through the use of earned value management techniques.

How will I benefit?

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

§  Define the Project Scope, Schedule and Cost Baselines

§  Establish the Performance Measurement Baseline (PMB)

§  Identify Earned Value Measures

§  Determine and Apply Project Status Updates

§  Calculate Earned Value and Cost and Schedule Variances

§  Analyze Project Performance and Make Forecasts

§  Analyze Variances and Identify Corrective Action Plans

  Prepare Project Performance Reports

§  Perform Integrated Change Control on the PMB

What will my seminar experience cover?

• Earned Value Management Concepts
• Establishing the Scope Baseline      
• Define the Scope
• Develop the Work Breakdown Structure (WBS) and WBS Dictionary
• Develop the Organization Breakdown Structure (OBS)
• Develop the Responsibility Assignment Matrix (RAM)
• Establishing the Cost & Schedule Baselines
• Develop Project Schedules
• Develop Budget Baseline
• Develop Control Account Plan
• Establish Performance Measurement Baseline
• Statusing, Measuring, Analyzing, and Forecasting
• Status Control Account Plans and Schedules
• Calculate Earned Value
• Accumulate and Integrate Actual Costs
• Measure Performance
• Analyze Cost and Schedule Variance
• Plan and Execute Corrective Actions
• Reporting Performance
• Variance Analysis Reports
• Project  Performance Reports
• Performing Integrated Change Control 

What instructional materials will be used?

Lecture, Facilitated Group Discussion, Individual Exercises, Group Exercises.