Earned Value Management Systems

International Institute for Learning, Inc.
Albuquerque, Austin, Chicago, United States

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

Course Description:

'' The EVMS processes incorporate best practices for program and project management systems that require strong applications for program or enterprise planning and control. The processes include integration of program scope, schedule, and cost objectives, establishment of a baseline plan for accomplishment of program objectives and use of earned value techniques for performance measurement during the execution of a program. EVMS provides a solid platform for risk identification, corrective actions, and management re-planning as may be required over the life of a project or program.

This course emphasis is on a government application according to the latest government EVMS principles and concepts and in accordance with the most recent Department of Defense (DOD) and Office of Management and Budget (OMB) guidelines and regulations for Earned Value Management. The concepts may also be applied to any project whether government or commercial.

Who Should Attend
�Government Program Managers who are responsible for performing Integrated Baseline Reviews on Defense Acquisitions contracts
�Technical Staff who are involved in Integrated Baseline Reviews or C/SCSC reporting
�Non-Defense Government Program Managers, Project Managers, or Technical Staff applying earned value as an integral part of fixed asset planning
�Commercial Program Managers, Project Managers, or Project Team Members who need to apply EVMS criteria to current or future Government contracts
�Members of the Project Management Office interested in establishing the best and most current EVMS processes
�Program or Project Managers who need to apply EVMS as a risk assessment and management tool

Performance Focus
The goal of this course is to provide participants with the understanding of earned value management (EVM) needed to properly implement EVM within their organizations.
�Earned value and the DOD, OMB, Project Management Institute (PMI®), and Software Engineering Institute (SEI)
�EVMS as a risk assessment and management tool
�EVMS in forecasting, variance analysis and control

What You Will Learn
You’ll learn how to:
�Develop a project baseline
�Record actual project performance
�Calculate EVM measures
�Evaluate project performance based on EVM measures
�Respond to project variances
�Integrate EVM and risk management
�Determine if EVM will add value to your organization
�Develop an EVM implementation plan for your organization

Course Overview
Getting Started
�Introductions
�Course structure, goals and objectives
�Target audience

Foundation Concepts
�Definition and benefits of EVM
�History of EVM and Cost and Schedule Control System Criteria (C/SCSC)
�Project applications of EVM

Building a Project Baseline
�Definition of project baseline
�Developing a project baseline
�Using a project baseline

Recording Actuals
�Data collection for recording actual project performance
�Methods for determining earned value
�Improving the data-collection process

EVM Performance Measures
�Calculating and interpreting measures of current status
o Cost and schedule variance
o Cost and schedule performance indexes
�Calculating and interpreting measures for forecasting results
o Estimate at completion
o Latest revised estimate
o Variance at completion
o To-complete performance index

EVM and Risk Management
�Integrating EVM and risk management
�Developing and using a reserve drawdown curve

Responding to Variances
�Determining what is a variance
�Proper process for responding to variances
�Response options

Reporting Project Performance
�Determining reporting objectives
�Determining reporting needs
�Reporting options
�Reporting problems

Implementing as EVM
�Requirements for an earned value management system (EVMS)
�Tailoring the EVMS
�EVMS “light�
Recap & Closing
...''

Phone:800-325-1533 or +1-212-758-0177

School Address:

110 East 59th Street, New York, NY 10022-1380

Jobs & Resumes: Albuquerque, Austin, Chicago
Houses & Roommates: Albuquerque, Austin, Chicago

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