This workshop covers all the essential knowledge needed to
apply earned value management to your projects. It is a hands-on
workshop using MS 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. 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.
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!
This workshop is offered on-site and as scheduled
public event.
This workshop can immediately follow the EVPrep workshop as a
one-day activity. Occasionally we will schedule a three day EVM
public event so that attendees can take both the EVPrep and this
The Earned Value Experience at a special price.
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Public workshop are $795 for Government attendees and early
registration, $895 for regular registration.
On-site workshops receive significant discounts depending on the
number of attendees. Contact us for a quote.
Students must provide a laptop with MS Excel installed and with
the ability to read CDs.
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
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
Cost
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
OMB
Expectations for Agency Use of EVM
View
from the Government
Business
Case Scoring
Scoring
“Performance Based Management”
OMB
Expectations for Earned Value Management
A-11,
Part 7 Policy for Major Acquisitions
Exhibit
300, Capital Asset Plan and Business Case
The
Capital Programming Guide
The
ANSI EVM Standard
International
Standards for EVMS
ANSI
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 EVM3® Model and Independent Assessments
"Earned Value
Experience™", "The Earned Value Management Maturity Model"®,
and EVM3®are trademarks of Management Technologies.
