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Earned Value Management systems (EVMS)
...Tight grip on projects present and future outcome
The EVMS processes incorporate best practices for program and
project management systems that require strong applications for
program or enterprise planning and control. The process include
integration of program scope, schedule, and cost objectives,
establishment of a baseline plan for accomplishment of program
objectives and use of earned-value techniques for performance
measurement during the execution of a program. EVMS provides a
solid platform for risk identification, corrective actions, and
management re-planning as may be required over the life of a
project or program.
Prerequisite
The participants should have a working knowledge of general project
management principles and some familiarity with the concepts of
project status and progress reporting.
Course Level
Intermediate/Advanced
Duration
2 Days
Who should attend?
- Government Program Managers who are responsible for
performing Integrated baseline reviews on defense
acquisitions contracts
- Technical Staff who are involved in Integrated Baseline
Reviews or PMIS reporting
- Non-Defense Government Program Managers, Project
managers, or technical staff applying earned value as an
integral part of fixed assets planning
- Commercial Program Managers, Project Managers, or
Project Team Members who need to apply EVMS criteria
- Members of the Project Management Office interested in
establishing the best and most current EVMS processes
- Project managers who need to accurately understand
current situation and also forecast outcome
What You Will Learn
- Develop the project baseline which is measurable
- Record actual project performance against the baseline
- Calculate all EVM measures and how do they help
- Evaluate project performance based on EVM measures
- Respond to project variances
- Integrate EVM and risk management
- Determine if EVM will add value to your organization
- Develop an EVM implementations plan for your
organization
Content
Basic Outline of the Course:
Foundation Concepts
Definition and benefits of EVM
History of EVM and Cost and Schedule Control
System Criteria (C/SCSC)
Project applications of EVM
Building a Measurable Project
Baseline
Definition of project baseline
Developing a project base line
Using a project baseline
Recording Actuals
Data collection for interpreting measures of current status and
progress.
Methods of determining earned value.
Improving the date-collection process
EVM Performance Measures
Cost and schedule variance
Calculating and interpreting measures for forecasting results
Cost and schedule performance indexes
Estimate at completion
Latest revised estimate
Variance at completion
To-complete performance index |
EVM and Risk Management
Integrating EVM and risk management
Developing and using early warning sings and triggers
Responding to Variances
Determining what is variance
Proper process for responding to variances
Response options
Reporting Project Performance
Determining reporting objectives
Determining reporting needs
Reporting options
Reporting problems
Implementing as EVM
Requirements for an earned value management system (EVMS)
Tailoring the EVMS
EVMS “light”
Recap & Closing |
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