An Executive Briefing on Earned Value Management

Revision: TE2723_20071016

Course Length:

.5 Days

Course Description:

This four hour seminar is an informative look at Earned Value Management. It includes an explanation of the concepts of Earned Value, the process for using Earned Value to draw conclusions, and hands on examples. Creation of an earned value management system (EVMS) ensures the project manager has performance data which relates time-phased budgets to specific tasks, indicates work progress, effectively integrates cost, schedule and technical accomplishment, provides valid, timely, and auditable information, supplies managers and executives with project status at a practical level of summarization, and accurately forecasts cost and schedule at completion

Who Should Attend:

The 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.

Benefits of Attendance:

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

• Use Earned value management is a tool that allows visibility into technical, cost, and schedule progress.
• Implement Earned Value Management Reporting Systems
• Read, understand, and interpret Earned Value Reports, an essential function of project management, and a required reporting tool on many government contracts.

Prerequisites:

There are no prerequisites for this course.

Course Outline:

• Introduction
• The Triple Constraint
• Earned Value Terminology
• Earned Value Calculations
• Interpreting and Reporting Using Earned Value
• Milestone Charts and Tracking
• Milestone Controls
• Project Cost Management
• Estimate
• Baseline Setup
• Project Control
• Gathering Status Information
• Variance Analysis