Earned Value Management

London (SW1)

13/08/10

£

295

Please click above and we will take care of the rest.

Please click above and we will be happy to discuss the benefits of onsite and bespoke courses with you.

If suitable dates or locations are not available, click this link and we will arrange one for you

Course Overview

Knowing how much the project has achieved and spent compared to the plan is vital for effective decision taking. Earned Value gives a clear picture of current status and quickly highlights the areas that need management attention.

This 1-day course explores how to implement effective earned value management and uses simulations, case studies and exercises to explain earned value in every day terms.

Audience

This course is suitable for individuals interested in using Earned Value Analysis to assist them in delivering more successful projects, beyond the APMP qualification level.

Skills Gained

By the end of the course, delegates will be able to:

• Explain why earned value analysis is used
• Explain planning structures for schedule, costs and organisation
• Explain the principles and practicalities of rolling wave planning
• Describe how to measure progress & cost against plan and produce performance metrics
• Describe status reviews relevant to earned value analysis
• State the benefits and costs of earned value analysis
• Explain how change in a project plan is managed

Course Outline

This highly interactive course covers the following areas:

Introduction

• An opportunity to familiarise delegates with the course content and desired outcomes.

Overview of earned value management

• In this session delegates consider the purpose of Earned Value.

What is earned value management?

• An overview of earned value management and what it measures.

Prerequisites for earned value management

• Delegates will consider what is required to make earned value management work including structured schedules, measuring progress and collecting costs.

Calculating earned value

• In this session delegates will learn how to determine planned cost, earned value and actual cost.

Calculating performance metrics and forecasting

• Consideration is given to the use of Earned Value to determine schedule performance and cost performance.

Earned value interpretation

• This session provides the opportunity to fully understand how earned value can be used to establish the status of a project both in terms of cost and schedule.

Establishing a baseline

• The importance of establishing robust baselines is considered.

Change control

• Delegates will look at how to manage change. This includes consideration of responsibilities, processes and the impact on earned value measures.

Personal action planning

• Finally delegates will be given the opportunity to consider how they will take forward learning points from the course.