Earned Value Management (EVM) and Cost Estimates II

Revision: TE2720_20080213

Course Length:

3 Days

Course Description:

This course covers earned value and cost estimating skills needed by intermediate level project managers: IS based financial reporting systems, EVM analysis, EVM resource requirements, and business process re-engineering.

Who Should Attend:

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:

• Explain and utilize the information system for financial management reporting
• Conduct EVM analysis and implementing changes based on analysis
• Analyze resource needs for management, including planning for an EVM program/project linked to risk
• Apply business process re-engineering methods for continuous improvement

Prerequisites:

Students should have taken the Project Management I and Earned Value Management (EVM) and Cost Estimates I courses.

Course Outline:

• Software Tools for EVM
  1. Collecting, processing, maintaining, and reporting data
  2. Supporting planning and finance decisions with EVM data
  3. Reporting cost information
  4. MANAGING WITH EVM
  5. Handling yellow and red indicators
  6. Integrated Baseline Reviews
  7. Tracking EVM policies
  8. EVM software
• Lab and Case Study Workshop
• Gathering Metrics
  1. Gathering
  2. Recording
  3. Roles
  4. Overhead
  5. Planning
• Process Re-Engineering
  1. Studying output of EVM reporting
  2. Investigating trends and incidents
  3. Establishing Patterns
  4. Identifying the need for improvement
  5. Evaluation alternatives
  6. Selecting changes
  7. Implementing change
  8. Re-evaluation to confirm improvement