Earned Value Analysis & Performance Metrics

University of Connecticut - Stamford
Stamford, Connecticut, United States

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' Earned Value Analysis (EVA) is considered to be the highest form of art and science within project management. Based on statistical analysis, the employment of EVA has proven to predict schedule and cost run rates with a high degree of accuracy and certainty. The knowledge and use of this tool is essential if a project manager is planning to work on any large government, architectural or engineering contract.



This workshop describes the EVA concepts, terminology, calculations, and graphical processes that can be used effectively to manage larger business projects. Participants will learn the problems of typical financial reporting as a measure of project performance, the Earned Value Analysis Terminology, determine the appropriate sources of data for EVA tracking and reporting, learn various methods of measuring the value of work earned, and how to determine the organizational prerequisites for effective EVA reporting.



The course employs the Project Management Institute’s (PMI®) terminology and covers processes & knowledge areas that are consistent with “A Guide to the Project Management Body of Knowledge (PMBOK Guide®).�




Intended Audience:

Experienced Project Managers, Project Sponsors or Finance Managers who would like to predict project costs with more accuracy, early in the project.



Prerequisites:

Participants should be managing or involved with at least one project. A calculator will be required during the session.



Student Responsibilities:

In order for a class to be successful, all students should share the same general level of knowledge and experience. If a participant does not demonstrate these, the CITI instructor will take the necessary steps either to prepare the participant or place him/her in a more appropriate course. This policy is intended to maintain the high level of quality control that you have come to expect from CITI.





Course Content:

Definitions & Concepts

· Definition of Earned Value

· EVA’s origin and its evolution

· Who Uses Earned Value?

· Why is EVA necessary?

EVA Processes

· Terminology

· What EVA tells us about the present?

· What EVA predicts about the future?

· Sources of EVA’s data

· Methods to determine value of accomplished work

· Determining Project Performance
EVA Reporting

· Importance of executive training

· Understanding the cumulative curve

· Managing to the word “NO�
· When to terminate a project

Summary

· Prerequisites for EVA Effectiveness

· EVA’s Processes

...''

Phone:(203) 251-8400

School Address:

University of Connecticut - Stamford
One University Place
Stamford, CT 06901 USA


Jobs & Resumes: Stamford
Houses & Roommates: Stamford

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