Making Decisions Using Earned Value

Management Concepts

How long?

  • 2 days
  • in person, online

Management Concepts

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Business Analytics

Business Analytics courses will introduce you to a popular and diverse profession. A business analyst is a specialist in many IT fields as well as in ...

Read more about Finance

Finance is an integral and most important component of any business, so everyone needs to improve their competence in this area. Finance courses will ...

Read more about Operations

Operations management has recently become a crucial part of any company's framework. This complex process focuses on reducing organizational expenses ...

Reviews

Comprehensive course analysis

Unbiased reviews from past participants
Global companies alumni of this course worked for
Positions of participants who took this course
Countries where most past participants are from
FREE
Individual needs analysis

Who should attend

This course is intended for intermediate level Program and Project managers.

About the course

Earned value management is a powerful tool for not only capturing and analyzing relevant numbers, but managing projects and programs to improve visibility and control. Capturing data on project status is important, but interpreting that data is even more critical to success. You will learn to identify cost and schedule overruns, compare actual work against baselines, and identify risk warning signs.

Learning Objectives

  • Define key concepts of earned value management (EVM)
  • List the considerations needed to implement EVM effectively
  • Create and evaluate a performance measurement baseline (PMB) from plan components
  • Compare planned project performance with actual performance results
  • Measure project performance using EV metrics
  • Use EVM data to forecast budget and schedule completion
  • Create a status report based on objective EVM metrics
  • Analyze EVM data to make project decisions and determine corrective measures

Course Topics

Earned Value Management Overview

  • Fundamental EVM Concepts
  • EVM Implementation
  • EVM Terminology
  • EVM Applicability
  • Action Planning

Baselining the Project

  • EVM Activities in Projects
  • Baseline
  • Scope Documents
  • Code of Accounts
  • Budget
  • Organizational Breakdown Structures (OBS)
  • Chart of Accounts
  • Determining Total Project Costs
  • Compare Project Costs to Budget
  • Set the Scope and Cost Baseline
  • Schedule
  • Creating a PMB
  • What Are Control Tolerances?

Measuring Progress

  • EVM Activities in Projects
  • EV Metrics
  • Adjusting AC
  • Data Sources: EV
  • Calculating EV
  • A Sample Control Account Plan

Comparing and Analyzing

  • EVM Activities in Projects
  • Compare
  • Analyze
  • Fundamentals of Variance
  • EVM Performance Indices
  • Budget Forecasting
  • ETC
  • Estimate at Completion (EAC)
  • Forecasting Schedule Completion
  • What's New – Earned Schedule
  • Other Interesting Indices
  • Ways to Present Project Status

Making Corrections

  • EVM Activities in Projects
  • EVM and the Corrective Process
  • EVM Data Analysis
  • Corrective Measures
  • A Change Management System
  • Incorporating Change

Summary

  • Principles of EVM
  • EVM Activities in Projects
  • EVMS Is Fundamental Management
  • The Baseline
  • EVM Data Elements
  • The Comparisons
  • Corrections
  • Developing an Action Plan

Making Decisions Using Earned Value at Management Concepts

From  $1,529
Add coaching to your course booking

Coaching can personalize and deepen learning for you and your organization.


Something went wrong. We're trying to fix this error.

Thank you for your application

We will contact the provider to ensure that seats are available and, if there is an admissions process, that you satisfy any requirements or prerequisites.

We may ask you for additional information.

To finalize your enrollment we will be in touch shortly.

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Read more about Business Analytics

What will you learn from Business Analytics courses? First of all, you will learn about the profession of a business analyst, his duties, and what such a specialist does. You will get various soft skills, such as organizing teamwork, for example, acc...

Read more about Finance

During Finance courses, you will get acquainted with a huge number of financial analyst tools and learn how to work with them. So, you will learn how to make and analyze financial reporting, calculate the main financial indicators of the company and ...

Read more about Operations

When it comes to operations control, whether you’re trying to optimize workflow or marketing and sales operations, you need to impact as many variables at once as possible in order to have a greater effect. However, it's not always that easy. How sho...

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.