Managing Projects Using Earned Value Management | Huntsville, AL | Starts Mar 19, 2012 | Instructor-led | 14 PDUs or Contact Hou

2-day class, instructor-led, 14 PDUs/contact hours!  Learn how to manage your projects using earned value management!
Cour se Introduction
2-days
14 PDUs / contact hours
PMI Registered Education Provider (Rep) ®
Project Management Profession (PMP) ® Certified Instructors
Hands-on exercises
About the Course
Financial accountability is at the top of the President’s agenda and the ripple effect flows all the way down to individual project managers and their responsibility to ensure that projects are… Show more effectively planned, executed and completed within the agreed upon cost and schedule commitments. With this increased focus on financial accountability, government agencies have increased the number of contracts requiring earned value management (Evm) and private industry businesses are implementing Evm as a method for controlling internal project costs.
In this 2-day class, you will learn how to establish and manage to an effective and realistic performance measurement baseline (PMB) using ANSI-compliant earned value management practices. We will take you beyond Evm terms and definitions to applying earned value management techniques. Through extensive use of hands-on exercises, you will learn how to organize the project work for effective control, plan the project scope, schedule and cost baselines, establish the performance measurement baseline, manage performance through the use of control account plans, measure and analyze performance, plan and execute corrective actions, forecast future performance based on past performance, report on project performance and manage changes to the PMB. 
Course Objectives
 Upon successful completion of this course, students will be able to:
Demonstrate an Understanding of Earned Value Management Concepts
Define the Project Scope, Schedule and Cost Baselines
Establish the Performance Measurement Baseline (PMB)
Identify Earned Value Measurement Techniques
Determine and Apply Project Status Updates
Calculate Earned Value and Cost and Schedule Variances
Analyze Project Performance and Make Forecasts
Analyze Variances and Identify Corrective Action Plans
Prepare Project Performance Reports
Perform Integrated Change Control on the PMB
Registration and Discount
$895
$75 discount for Pmi members 
10% discount for groups of 3 or more
10% Government employee discount
Course Content
Setting the Stage – Overview of Earned Value Management
Earned Value Management as a project management methodology
EVM Key Features and Attributes
Objectives of Earned Value Management
Basic Tenets of Earned Value Management
What Earned Value Is (and Is Not!)
Project management Using Evm versus Traditional Management
NDIA Ansi Standard for EVMS
Establishing the Scope Baseline
Authorize the project
Define the Scope
Develop the Organization Breakdown Structure (OBS)
Develop the Work Breakdown Structure (WBS) and WBS Dictionary
Develop the Responsibility Assignment Matrix (RAM)
 Establishing the Schedule & Budget Baselines
Develop Project Schedules
Develop the Integrated Master Plan
Develop the Control Account Plans
Identify Work Packages
Identify Earned Value Techniques
Develop the Integrated Master Schedule
Develop Cost Baseline
Establish Performance Measurement Baseline (PMB)
Addressing Subcontracted Effort in the PMB
Addressing Risk in the Performance Measurement Baseline
Technical Risks
Schedule Risks
Cost and Resource Risks
Management Process Risks
Updating Project Status
Update Status of Schedule Activities
Update Status of Work Packages
Update Estimates to Complete
Accumulate and Integrate Actual Costs
Measuring Performance
Calculate Earned Value
Determine Cost and Schedule Variances
Calculate Cost and Schedule Performance Indices
Analyzing Performance 
Analyze and Address Schedule Impacts 
Perform Variance Analysis on Schedule and Cost Variances Exceeding Established Thresholds
Perform Root Cause Analysis
Initiate Corrective Actions
Forecasting Future Performance Based on Past Performance
Calculating Estimates to Complete (ETCs) and Estimates at Completion (EACs)
Validating the Project Eac with the To-Complete Performance Index (TCPI)
Determining and Addressing the Variance at Completion (VAC)
Reporting Performance
Demonstrating Performance Graphically
Generating Performance Reports
Control Account Plan Reports (CAPs)
Cost Performance Reports (CPRs)
Cost Performance Report Format 1 (WBS)
Cost Performance Report Format 2 (OBS)
Cost Performance Report Format 3 (Baseline Changes)
Cost Performance Report Format 4 (Staffing)
Cost Performance Report Format 5 (Variance Analysis)
Managing Baseline Changes
Implementing a Change Control System
Addressing Externally Directed Changes
Addressing Internal Replanning Changes
Formally Reprogramming Your Project
Over-Target Baseline (OTB)
Over-Target Schedule (OTS)
Cancellation Policy
Cancellation made within 7 days of the class start date will incur a $100 cancellation fee.
Non-attendance without cancellation will result in forfeiture of full registration fee.
References
Materials in this class are based on the Project Management Institute (Pmi) ®   A Guide to the Project Management Body of Knowledge, ( Pmbok ® Guide )-Fourth Edition, Project Management Institute, Inc., 2008.
Ansi 748 Standard for Earned Value Management Systems
PMI, PMP, R.E.P. and Pmbok ® Guide are registered marks of the Project Management Institute, Inc.

Show less