The Earned Value Management Credential:
Earned Value Management (EVM) is currently a hot topic in the project management circles. A lot of government and private sectors are urging project managers to use earned value in all projects that they handle, specifically if the projects cost more than a million dollars.
Earned Value is a term coined to provide a project manager with a better understanding of the true cost performance of a project. It differs from traditional management in that it focuses on actual work accomplished rather than comparing simple budget expenditures. It provides the project manager with an early warning signal from a cost and schedule lapse perspective and some real insights into the reasons why projects fall behind.
The Earned Value management field is part technical, part management, and part overall integration. Implementing EVM in all projects requires the creation of appropriate templates that could be set up as part of project planning. This Training provides all aspects of implementing and understanding EVM in a true project setting.
The Advantages of an Earned Value Management Credential
An Earned Value Management Credential is a must-have for all project managers. It is assumed in most industries today that a professional project manager is proficient in implementing Earned Value Management principles as part of sound project management practice.
In addition, earned value provides a significant advantage in documenting and formalizing variances that have a direct impact on changes. Modern-day software such as MS Project will provide an easy way to set up Earned Value templates before a project execution begins.
This training provides a comprehensive set of EVM templates that project managers can use with very little effort on all their projects. The EVM credential, along with a PMP® or RMP® credential, can lead to salaries easily in the six-figure range.
Course Outline
Day 1:
Introduction to Earned Value Management
The History of Earned Value Management
The EVM Framework
The Role of WBS in Earned Value Management
The Budgeting Process
Earned Value CAPs (Control Account Plans)
Practice Exam – Day 1
Day 2:
Implementing EVM project-wide
EVMS Criteria
EVMS Planning
EVM Methods
MS Project – EVM Implementation
Hands-on EVM project
Integrated Baseline Review
Practice Exam – Day 2
