Earned Value Management

Earned Value Management 2018-03-19T20:37:13+00:00

Earned Value Management

Duration: 1 day

Our Introduction to Earned Value Management course provides participants with an overview of Earned Value Management techniques and their implementation and use.

This course is ideal for Project Managers or Business Managers who are considering implementing Earned Value Management, or for Work Package Managers who are asked to report using Earned Value.

By the end of the course you will be able to:

  • Describe the principles of Earned Value Management
  • State the principles for organising and planning a project to use Earned Value Management
  • Interpret EV management reports and charts
  • Perform variance analysis using EV data
  • Identify EV trends and their significance
  • Perform exception analysis down to work package level
  • Plan actions based on the evidence of EV data
  • Why projects fail
  • The need to understand actual financial and schedule progress
  • What is EVM
  • The basic principles of EVM
  • The EVMS criteria
  • EVM constraints on project organisation
  • Earned value measuring techniques
  • Planning an EVM project
  • EVM and sub-contracting
  • Managing baselines in an EV environment
  • Using EV cost and schedule variances
  • Interpreting EV curves
  • SPI and CPI trend analysis
  • WP variance analysis
  • Use of bullseye charts
  • Challenging the Estimate at Completion (EAC
  • Use of Independent EAC
  • The challenges in implementing EV

Related Project Management specialist courses:

Introduction to Risk Management
Introduction to Agile Project Management