Course Length:

24 Hours

Course Description:

This course covers earned value and cost estimating skills needed by upper level program 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 Program 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 implement 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:

There are no prerequisites for this course.

Course Outline:

• Earned Value Management
  1. Defined
  2. Policies
  3. Methodologies
  4. Software
  5. Examples
• EVM Background Information
  1. The Triple Constraint
  2. Earned Value Terminology
  3. Earned Value Inputs
  4. Lab: Gathering EVM Inputs
• Earned Value Formulas and Calculations
  1. Indexes
  2. Variances
  3. Estimates
  4. Interpretation
  5. Lab: EVM Calculations
• Single Project Earned Value Scenarios
  1. Introduction
  2. Workshop Brief
  3. Workshop
  4. Review and Analysis
• Multi-Project (Program) Earned Value Scenarios
  1. Introduction
  2. Workshop Brief
  3. Workshop
  4. Review and 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
• Software Tools for EVM
  1. Collecting, Processing, Maintaining, and Reporting Data
  2. Supporting Planning and Finance Decisions with EVM Data
  3. Reporting Cost Information
• Managing With EVM
  1. Handling Yellow and Red Indicators
  2. Integrated Baseline Reviews
  3. Tracking EVM Policies
  4. EVM Software
• Lab and Case Study Workshop
• Gathering Metrics
  1. Gathering
  2. Recording
  3. Roles
  4. Overhead
  5. Planning
• Project Evaluation
  1. The Need to Evaluate Projects
  2. Capture and Calculate Costs and Benefits
  3. Estimate Costs and Benefits per Year
  4. Calculate the Value of the Project
  5. Net Benefits
  6. Benefit-Cost Ratio
  7. ROI
  8. Payback Period
  9. Net Present Value
  10. Non-Monetary Intangible Costs and Benefits
  11. Benefit Value Factors
  12. Scoring Projects
• Benefit Value Scoring
  1. Context and Scope
  2. The BVS Framework
  3. Benefit Value Factor Weights
  4. Benefit Value Measures
• Lab and Case Study Workshop - Program Benefits Delivery Evaluation