Earned Value Management for IT Projects: Course data sheet

Training Course Name:

Earned Value Management for IT Projects

Description:

This training course provides an introduction to Earned Value Management (EVM) discussed in the context of IT projects.

Intended for (who)

All IT project, programme and business management personnel who require a sound understanding of the principles and practices of Earned Value Project Management.

Course objectives:

•  To provide an understanding of benefits of Earned Value Project Management
•  To provide an understanding of the principles and practices of effective Earned Value Project Management
•  To provide awareness of how to interpret of the outputs of Earned Value

Course Sessions:

Session aim/ objectives / purpose / benefits

Earned Value Project Management – Background, Benefits

•  Background – the origin and history of Earned Value Project Management
•  Benefits – the benefits of effective Earned Value Management at the project and control account level

Earned Value – ‘The Big Picture'

•  Overview of Core components of EVM:

•  Organisation – the OBS
•  Workscope definition – the WBS
•  Time-phased budget – developing and maintaining the performance measurement baseline
•  Status and actual costs, Earned Value
•  Performance management process and culture

Planning and Organisation

•  Understanding Project structures:

•  Product based Work Breakdown
•  Organisation Breakdown
•  Identification of the Control Accounts
•  Role of the Control Account Manager

Using Earned Value Data

•  Key EVM elements:

•  Planned Value (BCWS)
•  Earned Value (BCWP)
•  Actual Cost (ACWP)
•  Earned Value Performance Data:
•  Schedule - SPI
•  Cost – CPI
•  Earned Value Analysis:
•  EACs, Independent EACs, TCPIs

Implementing Earned Value Management

•  Performance Based Project Plans
•  Cost Collection structures and systems
•  Measures of Achievement
•  Management Process & Culture
•  Implementation Template