Earned Value Management

University of Alabama College of Continuing Studies
Tuscaloosa, Alabama, United States

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

Course Description:

'' Upon successful completion of this program, students will be able to:
List the planning elements that are essential to setting up projects for Earned Value tracking.
Determine how to apply the appropriate completion credit rules for all types of project work efforts.
Understand the Earned Value formulas and demonstrate how to apply them correctly.
Demonstrate how to apply Earned Value to status current project performance and forecast project completion.

Course Outline:
I. Defining the Project Scope
Project versus Product Scope
Decomposition
Work Breakdown Structures (WBS)
II. Creating the Project Baseline
Developing a time-scaled Network Diagram
Developing the Project Cost Baseline
III. Completion Credit Rules
Discrete Work Effort Rules
Dependent Task Rules
IV. Using Earned Value for Statusing
Earned Value elements
Measuring Schedule Performance
Measuring Cost Performance
Interpreting the Formulas
Management Overview Formulas
V. Using Earned Value for Controlling Project Performance
As a root cause analysis tool
Understanding the Language of Variances
VI. Forecasting Project Completion
Forecasting Terminology
Forecasting based on Typical Variances
Forecasting based on Atypical Variances
VII. Interpreting The Formulas
Is the project performing as planned?
What is the projected completion date/budget?
Is the project ok? Or is recovery necessary?
...''

Elements of this syllabus are subject to change.

Phone:205-348-6222

School Address:

College of Continuing Studies Professional Development & Conference Services
Box 870388 Tuscaloosa, Alabama 35487-0388 USA


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