Course Length:

24 Hours

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 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
• Project Level 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
• 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