Details
Earned Value Management is an important factor behind a successful Project endeavor. This tool for reporting and controlling has been standardized by all organizations around the world with one single motive, to improve project delivery. What deliverables should have been produced so far? What costs were spent on acquiring the existing deliverables? How do you know whether or not a project is on the path to success if you don't have any benchmarking tools in place? This course introduces you to several powerful performance metrics and analytical tools that can help you determine whether project goals and objectives are being met.
Participants will be trained to use an effective project control system that uses measurement tools like breakdown structures, network diagrams, schedules, budgets, and the Gantt chart to deliver a successful project.
This unique course is driven by the Bridgit Group’s “Under Surveillance™” Earned Value Management Game. This interactive training game is exciting, refreshing but makes the Penny Drop on the so-called fuzziness of Earned Value.
PDU: 14
Outline
2) Project Management: With and Without EV
3) Traditional Management: Without EV
4) The universal problem of projects running late and over budget
5) Earned Value Practice - Under Surveillance
- The three elements of Planned value, Earned value and Actual costs
- Using Schedule variance and Cost variance to measure if a project is running on time and on budget
- Calculating the Schedule performance index (SPI) and Cost performance index (CPI)
- Using Earned Value to forecast the Estimate at completion (EAC) and the “To complete performance index” (TCPI)
- Exercises on calculating and interpreting EV parameters
- Calculating Earned Value at a work package level, or at a project level for the overall project
- Setting the performance measurement baseline (PMB)
- Applying universal EVM principles to your organization
- Calculating SV, SPI, CV, and CPI at a work package level and a project level
- Interpreting the results
- Applying Earned Value Management
- Using EV graphs to report on project performance
- Adjustments to EV as a project draws near to completion
- Using scheduling software to generate EV tables and graphs
- Understand the ANSI Standard criteria
- Earned Value Management System (EVMS)
- Earned Value and Change Management
- Earned Value Management Systems ANSI/EIA-748-A-1998* (Known as 748A)
- EVM Standard – Planning, Scheduling, and Budgeting
Special Offer
Since its inception in 2000, Bridgit has been continually striving to deliver the best quality, value, and services to meet its customers’ needs and expectations.
Bridgit aims to develop the competency of your human capital enhancing their capabilities to think strategically and to manage and lead your organization at a global level.
Bridgit’s educational and coaching methods have been carefully engineered and designed by keeping in mind the importance of equipping our clients with the right knowledge and skills especially now in a rapidly changing environment where more conversant and well-trained human capital is needed to succeed in a globalized economy.
Related Courses
