Earned Value Management Systems Fundamentals

Course No. EVM-101
Cost: $795 per Student
PDU’s: 8
Prerequisite: Fundamental Project Management Training
Course/Skill Level: Fundamental, Intermediate

This 1-day course provides the fundamentals of project management and earned value(EV). EV is a global standard and required on most government contracts. This course takes the mystery out of what can be a complicated subject. Participants will learn basic project planning, control and execution concepts, have sufficient knowledge of their role in the EV process, and develop an understanding of the cost and schedule performance outputs of an EV system. The course illustrates how earned value is a part of an overall project management system. The course is based on the 32 EVMS EIA Guidelines.

Learning Objectives: Key principles and value add of an EVMS, Developing the Performance Measure Baseline (PMB), The work Breakdown Structure (WBS), The Organization Breakdown Structure (OBS), Control Account and Work Package, Schedule development & control, Resources/Cost estimate development requirements, Accounting provisions, Baseline Change Control, Using EV to calculate cost & schedule variances, Understanding EVMS Cost and schedule formulas, Using EVMS to forecast/predict cost and schedule future position, Analyzing and reporting Project Performance using EV data, EVMS relationship to project risk management.