Earned Value Management and Cost Estimates I

Revision: TE2714_20071217

Course Length:

3 Days

Course Description:

This course covers the basics of Earned Value Management and Cost Estimation.

Who Should Attend:

This course is intended for program managers, project managers, team leaders, and anyone who need to setup, provide metrics for, base decisions on, or use Earned Value Management. This course is specifically developed to support Project Managers who need to meet the Federal Acquisition Certification for Program and Project Management (FAC-P/PM) program core training requirements.

Benefits of Attendance:

Upon completion of this course, students will be able to:

• Coordinate an integrated master plan for life cycle management and support
• Assess and oversee the application of department/agency financial policies and directives as they relate to program and resource management
• Direct and monitor risk management processes and making adjustments as necessary
• Administer a comprehensive test and evaluation program
• Examine and implement innovative, alternative logistics support practices
• Plan for adequate staffing and resources across the program life cycle

Prerequisites:

There are no prerequisites for this course.

Course Outline:

• Earned Value Management
  1. Defined
  2. Policies
  3. Methodologies
  4. Software
  5. Examples
• Background Information
  1. The Triple Constraint
  2. Earned Value Terminology
  3. Earned Value Inputs
• Earned Value Formulas and Calculations
  1. Indexes
  2. Variances
  3. Estimates
  4. Interpretation
• Basic Earned Value Scenarios
  1. Introduction
  2. Workshop Brief
  3. Workshop
  4. Review & Analysis
• Intermediate Earned Value Scenarios
  1. Introduction
  2. Workshop Brief
  3. Workshop
  4. Review & Analysis
• Advanced Earned Value Scenarios
  1. Introduction
  2. Workshop Brief
  3. Workshop
  4. Review & Analysis
• Using Software to Compute Earned Value
  1. Spreadsheet Applications
  2. MS Project
  3. MS Project Based Reporting Workshop
• The Integrated Baseline Review
  1. Defined
  2. Need
  3. Example
  4. Usefulness
• OMB A-94 Cost Estimating
  1. Processes
  2. Methods
  3. Techniques
  4. Analytical Principles
  5. Data
  6. Confidence Bands
  7. Specialized Costing