Earned Value Management (EVM) Fundamentals Training
Duration: 1 day
Prerequisites: We recommend that you have a basic understanding of project management principles and methods. Some experience of working on project teams is also useful.
Who this course is for: Program Managers, Project Managers, Control Account Managers, Tool Specialists, Analysts.
The course provides an introduction to Earned Value Management (EVM). We’ll explain why EVM was created, how it has evolved and why project management relies upon it today as a form of project performance measurement.
As with all tools, EVM has its own jargon, and you’ll learn the language to go with the concepts. We will also cover the technical calculations behind EVM data along with how to interpret and analyse standard reports. The course also looks at typical processes and EVM systems. You will gain an excellent grounding in the context of earned value and how this feeds into reporting cycles.
After this course you will have all you need to work within an earned value project management system.
Course summary
- Introduction to Earned Value Management
- History and purpose of EVM
- EV concepts
- ANSI 748 criteria
- EVM and the team: roles and responsibilities
- Organisation
- Schedules, plans and budgets
- Considerations for accounting
- Analysis and management reports
- Maintenance and revisions
- Common EV software, technology and systems
- Periodic update cycle for EV systems
- WBS, OBS and similar structures: best practices for EV
- Work packages, planning packages, control accounts
- Baselines: measuring performance
- Choosing the best EV techniques
- Timelines for Implementing an EV system
- Preparing for an IBR (Integrated Baseline Review)
- Contract Performance Reports (CPRs): understanding, analysing and interpreting the data
- Watch out! Tips on what to avoid
Call Kinley Consulting today to find out more or to book a place on this course.