Earned Value Practitioner Training

Training Course Name

Earned Value Management – Practitioners Course

Description:

This training course provides a thorough working knowledge of the benefits, principles and practices of Earned Value Project Management and will provide the skills required to take an active role in Earned Value Project Management implementation.

Duration

2  days

Intended for (who)

All project, programme and business management personnel who require a working knowledge of the essential principles, practices and issues of Earned Value Project Management that will enable them to take part in the implementation of Earned Value Project Management.

Course objectives :

•  To provide a detailed level understanding of benefits of Earned Value Project Management at the project level
•  To provide a detailed level understanding of the principles and practices of effective Earned Value Project Management Implementation at the project level.
•  To provide practical skills in how to interpret of the outputs of an Earned Value system at the project level

Course Sessions:

Session aim/ objectives / purpose / benefits

Earned Value Project Management – Background, Benefits and Impact

•  Background – the origin and history of Earned Value Project Management
•  Benefits – the potential benefits of effective Earned Value Project Management implementation at the project and control account level
•  Impact – the impact of implementing Earned Value Project Management on the business functions required to support a project from bid through to closure

Earned Value Concepts and Processes

•  The process requirements of the Earned Value approach to:

•  Project planning
•  Performance measurement
•  Accounting
•  Reporting
•  Analysis
•  Change management
•  The pitfalls of inconsistent application of processes
•  Process ownership

The Control Account

•  Project structures:

•  Work Breakdown
•  Options
•  Practical Session
•  Organisation Breakdown
•  Cost Breakdown
•  The role of Integrated Project Teams
•  Identification of the Control Accounts
•  Compilation of supporting documentation
•  Role of the Control Account Manager

Using Earned Value Data

•  Key EVM elements:

•  Planned Value (BCWS)
•  Earned Value (BCWP)
•  Actual Cost (ACWP)
•  Working Example
•  Practical Session
•  Earned Value performance indices:
•  Schedule – Schedule Performance Index
•  Cost – Cost Performance Index
•  Working Example
•  Project Forecasting using Earned Value
•  Estimate at Complete (EACs)
•  Independent EACs
•  To Complete Performance Index
•  Working Example

Earned Value & Project Risk

•  Analysis of the links between EVM & Risk Processes
•  Contingencies & Reserves
•  Mitigation planning & budgeting
•  Contingency (fallback) planning & budgeting

Change Management

•  Impact of project change
•  Management of project change
•  Baseline integrity

Earned Value Project Management - Reporting

•  Industry standard EVM report formats
•  Practical Session
•  Analysis of data dependencies
•  Data integrity
•  Practical Session
•  Software tools
•  Analysis tool - overview
•  Supplier reporting
•  Customer access to data

Earned Value Project Management - Validation

•  How the review and monitoring process integral to effective EVM implementation ensures the integrity of the Earned Value Project Management System and its implementation.

After this course

•  You will be able to use/implement earned value management