Indicate work progress in a more objective way within and across projects
Properly relate cost, schedule and technical accomplishment
Relate time-phased budgets to specific tasks and/or statements of work to create a useful and realistic baseline
Supply managers with information at a practical level of summarisation
Prepare an action plan and create an immediate impact to your organisation’s ability to effectively control projects
Course Synopsis
You’ve been hearing the term Earned Value Management (EVM) for some time, and you have been introduced to the plethora of calculations involved. You’ve also asked yourself “Why do I care?” Meanwhile, management has been pushing you to explain what’s really going on in your projects, and to tell them how you know that what you’re telling them is true. When your team members tell you they’re almost done, you think there’s a light at the end of the tunnel—it sounds good, but should you stake your career on it? What you really need is a more objective way to evaluate and control your project and to provide management accurate summary information. In short, you need Unlocking the Power of Earned Value Management.
This course will take you beyond the calculations you’ve already learned. You’ll review key project documents to gain an understanding of their relationship to effective project evaluation and control using EVM. You’ll explore the challenges and approaches involved in establishing a baseline and obtaining accurate, timely and useful information to measure project performance with EVM. You will benefit from relevant discussions with your peers and an experienced instructor.
Working through an integrated case study designed to simulate real-world issues, problems and decisions, you’ll gain insight and experience in determining a realistic assessment of where your project actually stands. This approach allows you to practice new skills and ask questions as you assimilate a broad array of practical experience that can be immediately applied upon your return to the workplace.
Come to Unlocking the Power of Earned Value Management and leave with the knowledge and enthusiasm – plus a customized action plan – to enlist others in harnessing the power of EVM.
Recommendation: Prior to taking this course, you should have a good understanding of standard project management control tools such as network diagrams and responsibility matrices. In addition, a basic background in applying and managing cost and schedule metrics is desirable.
