• Learn about Earn Value Management and the Importance of this Techniques

• Learn the essential of a proper project management plan and baselines

• Learn about the difference in perspective between

Description: This course covers the Earned Value Management and Techniques as addressed by PMI® PMBOK® Guide and The Practice Standard for Earned Value Management. The course will go beyond the PMI® Standards and deal with REAL case studies from actual projects. Earned Value Management helps us answer the following questions: is the project ahead or behind schedule, are we below or over budget, are we using our resources efficiently, how about our expected completion date and cost?

Course Outline:

Introduction and Overview

• Overview of PM
• Overview of the PM Framework
• PM Life Span (Cycle)

Overview of Process Groups

• Initiating
• Planning
• Executing
• Monitoring & Controlling
• Closing

Monitoring & Controlling

• What do we monitor
• What do we control
• Different focus for different contracts & organizations
• Change Control

Planning for EVM

• Proper Scoping
• Work Breakdown Structure
• Scheduling
• Estimating and Budgeting
• Establishing a Performance Management Baseline

Inputs to EVM

• Performance Management Baseline (PBL)
• Proper system for progress measurement
• Results of work performed
• Actual progress and costs

Analysis and Forecasting

• Planned/Earned/Actual
• Performance analysis
• Cost & schedule variances
• Performance indices
• Forecasting scenarios
•  What is next???