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Earned Value Experience Course Outline
 

The Earned Value Experience™ Workshop Interactive On-Site
 (14 Cat. B PDUs*)

This workshop covers all the essential knowledge needed to apply earned value management to your projects. It is effective as CAM training, and also effective for those who need to support CAMs. It is also recommended for project and program managers.

The Earned Value Experience is conducted on-site for groups.

It is a hands-on workshop using our EzEVMMS Excel templates to teach the concepts. This avoids the need to try to learn both an unfamiliar earned value application and the concepts at the same time. When completed, you will understand the role of control account managers (CAM), and how to determine where to place control accounts within your projects.  Integrated Baseline Reviews (IBR) are discussed so that you understand the goals of the IBR and how you might participate. You will also experience how earned value data analysis provides insight into cost and schedule performance. Whether you are a CAM, PM, or portfolio manager this workshop will give you the experience you need to apply and understand earned value management. Over 1,000 people have attended this popular workshop.

EzEVMMS Excel templates may be retained by attendees to implement earned value management in their organizations.

Students must provide a laptop with MS Excel.

Future dates are announced in The EVM Newsletter.

A 2 - 4 hour training is often included with on- site workshops for senior management who will view EVM data as part of program reviews and data submissions to customers.

“That was the most pleasant experience I’ve ever had with EVM.”
“It was an excellent refresher of the basic concepts and the tool is great for us to be able to get started!”
“Ray made EVM not that bad!”

Citizant Employee Comments
On-site workshop

The outline of the two day Earned Value Experience™ is tailorable to your needs.  Sections on US Office of Management and Budget (OMB), IT project management, the ANSI 748 standard, and the Earned Value Management Maturity Model® can be replaced with specific implementation training for your organization. Let your project teams make their earned value mistakes with our scenario, not their real project!

Why use Earned Value Management (EVM)?

The One Minute Project Review

Historic Project Management Metrics, Why They Fail

Traditional Project Reporting

Project Reporting with EVM

Questions That EVM Allows Us to Answer

Basic Earned Value Concepts

Basic EVM Concepts

The Planned Value (PV)

The Earned Value (EV)

The Actual Cost (AC)

Organizing the Project for EVMS

Content of a WBS

Establishing Management Control Cells

Control Cell Accountability

Using EVM to Capture the Project Plan

Example : Planning and Budgeting a Project

Schedule Integration

Planning at the Control Account

Charting the Plan to Build Equity

Work Package Planning

Exercise - Planning Work Packages

Sample of Work Package Planning

Non Labor Tasks (Material and Subcontracts)

Far Term Tasks-Planning Packages

Integrated Baseline Reviews (IBRs)

Goals of the IBR

The IBR Process

IBR Risk Categories

IBR Team Skills and Roles

Planning for the IBR

Collecting EVM Project Data

Evaluating Project Performance (Execution and Control)

Obtaining the Earned Value Management Data

Reporting Progress at the Control Account

Analyzing Variances From the Plan

What Is Not a Variance

Sample of Project Status and Variances

Analyzing EVM data

Exercise - Assessing Project Status Using EVM

Analyzing Project Status

Cost Performance Index

Schedule Performance Index

Earned Schedule

Why use ES?

More ES terminology

Variance Thresholds

Variance Analysis at the Control Account

When Thresholds are Breached

To Complete Performance Index

Determining Trends and Plotting Indices

Percent Complete, Percent Spent

Contract Performance Report

Estimating Final Project Cost and Schedule

Estimating the Final Cost

Some EAC Formulas

Application of EAC Formulas

Estimating the Completion Date

Using EVMS at the Team Level

Just How Good Is the EVM Data?

Recap –How to Establish Your EVM Baseline    

Recap –How to Perform EVM Accounting

Challenges in Applying EVM to IT Projects

Key IT Risks

IT Project’s Deferred Performance Scenario

Why Software Projects Are Unique

Warning Indicators

A Software Project WBS

Software Maintenance

Managing Software Maintenance

The IEIA EVM Standard

International Standards for EVMS

EIA 748-98 Criteria

Organizational Process Areas

Planning Process Area

Accounting Process Area

Analysis Process Area

Revisions Process Area

EVM Resources

The Earned Value Management Maturity Model® (EVM3)®

The Value of a Maturity Model

Characteristics of Common Staged Maturity Models

The Earned Value Management Maturity Model®

Attributes of Level 1 – INITIAL

Attributes of Level 2 -LOCALIZED

Attributes of Level 3 –ANSI 748 COMPLIANT(+)

Attributes of Level 4 - MEASURED

Attributes of Level 5 – OPTIMIZING

Obtaining the EVMModel and Independent Assessments

 

 

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*Fourteen Category B PDUs may be claimed by those who attend all sessions. Management Technologies guarantees PMI's acceptance of our training as a source of PDUs. If PMI challenges your claim for Category B PDUs from our training we will provide all support and documentation requested by PMI. Should PMI deny a PDU claim for our training we will refund fees paid upon receipt of PMI documentation


Questions, Comments?
Feel free to email us at webinfo@mgmt-technologies.com

"Earned Value Experience", "The Earned Value Management Maturity Model", "EzEVM".and "EVM3"are trademarks of Management Technologies.



 
 
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