New Horizons Computer Learning Center
410-597-9722

Earned Value Project Management

Course Length: 4 Days

Overview:
The Earned Value Management (EVM) Course is a practical tools and techniques class addressing EVM theory and implementation as they pertain to project planning and control. This course utilizes a combination of theory and case study based exercises as a teaching mechanism. Topics include: An EVM Introduction, and Overview, Integration of EVM with PMI's PMBOK framework, Federal EVM requirements (ANSI-748, OMB-A11, DOD-5000.2), Project Planning and Project Control, the Project Baselines, and Assessing Project Performance.

Furthermore it covers Integration of Status, Progress and Forecasting. Key skill areas include trend analysis, and analysis of current progress and past performance as a predictor of future performance. One of the most important aspect of EVM is its ability to predict the degree to which projects meets their baseline requirements (Technical, Schedule, and Cost) This course provides a detailed understanding of the EVM mechanics of forecasting analysis as well as immediate variance analysis and corrective action techniques. The course emphasizes the correct interpretation of project EVM data and graphics.

Prerequisites:
Concepts and Practice of Project Management or equivalent project management experience

Course Objectives:
Upon successful completion of this course, students will be able to:

• Earned Value Requirements
• Understanding OMB-11, ANSI-748
• Understanding the theory of Earned Value Management
• How does EVM effect project management
• The theory of the project's Cost and Schedule baselines
• The importance of performance data
• Project health analysis and controlling the project baselines
• Analysis of key project performance indicator data
• Understanding the mechanics of Status Reporting, Progress Reporting, and Forecasting
• Cost Performance Analysis
• Schedule Performance Analysis
• Reporting and Presenting EVM Reports
• Variance Analysis and Corrective Action

Tactical Skills:

• Introduction to the Cost and Schedule Control System Criteria
• Earned Value Management Introduction
• Requirements identification and management
• The Work Breakdown Structure and Dictionary
• The Organizational Breakdown Structure
• The Responsibility Assignment Matrix
• Development of the Project Logic
• Aggregation for control; Work Packages and Control Accounts
• Integrating the Technical, Cost, and Schedule baselines
• Fundamental Earned Value Methodology
• Schedule performance metrics
• Cost performance metrics
• Forecasting and Presentation of EVM data and analysis
• EVM indicators and metrics
• Performance reporting for stakeholders including the presentation of both tabular and graphic data
• Calculating cost metrics
• The proper use of cost metrics
• Calculating schedule metrics
• SPI and the project timeline
• The proper use of schedule metrics
• Formulas for calculating and analyzing EAC metrics
• TPCI calculation and analysis
• Data fidelity
• Advanced analysis of EAC and ETC metrics
• Advanced EVM metrics

Course Content

Lesson 1: Introduction and Concepts of Earned Value Management

• Course Introduction
• History, Terms, Overview of Variance Analysis and Project Control
• Introduction to Earned Value Management

Lesson 2: The Work Breakdown Structure

• Deliverables, Work Breakdown Structure, Organizational Breakdown Structure, Control Accounts

Lesson 3: The Schedule

• Work, Work Sequencing, Durations, The Schedule Baseline

Lesson 4: The Budget

• Resources, Estimating, Budgeting, The Budget Baseline, Planning
• Variance Analysis

Lesson 5: EVM Basics

• Performance Measurement Baselines, Actual, Percent Complete
• Variance Analysis

Lesson 6: EVM Metrics

• Analysis of Cost Data, Analysis of Schedule Data

Lesson 7: EVM as Project Control Tool

• Variance Analysis and Corrective Actions

Lesson 8: EVM Reports

• Cost Performance Reports
• Cost/Schedule Status Reports

Lesson 9: Performance measurement baselines and control accounting

Lesson 10: Earned value percent complete methodologies

Lesson 11: Structuring the project for earned value management

Lesson 12: Schedule performance measurement and management

Lesson 13: Cost performance measurement and management

Lesson 14: Data analysis, forecasting and presentation

Lesson 15: Integrated baseline reviews and change control

Lesson 16: Cost Performance Reporting formats (CPR), Cost/Schedule Status Reports (CSSR)

6940 Tudsbury Road, Baltimore, MD 21244
P: 410-597-9722
www.nhbaltimore.com