Course Description
Earned Value Management is offered both as a PDU course and as a certification course due to the increasing need for Earned Value Management experts both in the private and government sectors.
The Earned Value Management course is designed for project managers who want to implement earned value parameters in all their projects, along with learning a methodology for implementing earned value principles in specific activities.
Earned value is both qualitative and quantitative. It is qualitative due to the nature of how earned value is calculated, and it’s quantitative since it involves the manipulation of actual costs and variances. In short, earned value guarantees the methods used to calculate variances within a project are consistent, verifiable, and logical. The earned value management course is designed as a practical course with real exercises in MS Project.
Course Outline
Day 1
Introduction to Earned Value Management
Earned Value Management – terms and technology
The role of project structure in earned value management
The role of WBS in calculating earned value
Activity-based costing and earned value
Different methods of calculating the percent complete in projects
Fixed milestones Weighted milestones
Fixed Effort
Percent complete (subjective)
Other equivalent levels and efforts of completion
Practical Exercise – Day 1
Practice Exam – Day 1
Day 2
Implementing Earned Value Management Parameters
Setting up EVM parameters in MS Project
Methods of Calculations in Earned Value
Custom Creation of Earned Value reports
Interpreting Earned Value reports
Change management and earned value
Forecasting using earned value concepts
Practical Exercise – Day 2
Practice Exam – Day 2
