Course 149:
Earned Value Management Workshop

(2 days)

 

Course Description

The use of earned value management to track project status is not only a “best practice” in numerous organizations, but also mandated by the Federal Office of Management and Budget (OMB) for use during the Development, Modernization, and Enhancement (D/M/E) of major Information Technology investments. It is therefore critical that key management, finance, and procurement personnel be aware of not only the concept but also the advantages and limitations of this management approach. This course will prepare an organization to implement earned value management and to take full advantage of this powerful tool.

Learning Objectives

At the end of this course, the participant will know how to:

  • Apply the concept of earned value management
  • Develop the procedures required to comply with ANSI Standard 748A (Earned Value Management)
  • Implement EVM within a typical IT project
  • Analyze and interpret an Integrated Project Management Report (IPMR)
  • Recognize and overcome the limitations of common EVM practices
  • Audit a project for compliance with EVM policy and guidelines

Who Should Attend

Project managers, program managers, portfolio managers, staff specialists who will provide support to projects and programs, financial and procurement managers, and auditors.

Prerequisites

A basic understanding of project management and/or financial management. We recommend participants attend ROI Course 150: Project Management Essentials, or equivalent, prior to taking this course.

Course Customization Option

This course can be customized to meet your needs. Possible customization to include the application of EVM to an Agile SW Development project and the use of Microsoft Project to plan and track projects using EVM.


Course Outline

Unit 1: The Earned Value Concept

  • Project and Program Management *
  • Project Control
  • Earned Value *
  • Policy and Guidelines
  • Project Planning for EVM *
  • Benefits and Limitations

Unit 2: The Performance Measurement Baseline

  • Develop the Performance Measurement Baseline
  • Identify the Risks *
  • Establish the Project Reserve *
  • The Integrated Baseline Review

Unit 3: Project Execution

  • Track Task Performance *
  • Track Project Performance *
  • Account for Project Costs
  • Control Changes

Unit 4: Variance Analysis and Performance Prediction

  • The Schedule Performance Index (SPI) *
  • The Cost Performance Index (CPI) *
  • The Estimate at Completion (EAC) *
  • The Estimated Schedule at Completion (ESAC) *
  • Other Metrics

Unit 5: Reporting Performance

  • Alternative Performance Forecasts *
  • The Contract Budget Base and the Performance Measurement Baseline
  • The Integrated Project Management Report (IPMR)

Unit 6: Taking Action

  • Interpret the EVM Data *
  • Analyze Program Objectives, Boundaries, and Constraints
  • Develop the Recovery Plan *
  • Committing the Reserve
  • Revising the Baseline
  • The Over-Target Baseline (OTB)

Unit 7: Bottom Line

  • Practical Applications
  • Red Flags and Cautions
  • Concept
  • Application
  • Where to Go for More Information

Please Contact Your ROI Representative to Discuss Course Tailoring!