Earned Value Management Systems (EVMS)
Incorporate Best Practices for Program and Project Management Systems
This course is also part of the Advanced Project Management Certification: The Kerzner Approach®
to Best Practices (APMC®) curriculum. For more information, see page 30.
The EVMS processes incorporate best practices
for program and project management systems
that require strong applications for program or
enterprise planning and control.
The processes include integration of program
scope, schedule and cost objectives;
establishment of a baseline plan for
accomplishment of program objectives;
and use of Earned Value Management
techniques for performance measurement
during the execution of a program. EVMS
provides a solid platform for risk identification,
corrective actions and necessary management
replanning.
The emphasis of this course is on the latest
EVMS principles and concepts in accordance
with changes and guidelines for Earned
Value Management in A Guide to the Project
Management Body of Knowledge (the PMBOK®
Guide). These concepts may be applied to any
project, whether government or commercial.
Prerequisites
Participants should have a working knowledge
of general project management principles and
some familiarity with the concept of Earned
Value.
Course Level
Intermediate/Advanced
Who Should Attend
All program managers, project managers
and project team members who need
to apply EVMS criteria to current or
future contracts, whether commercial or
governmental
Technical staff who are involved in
Integrated Baseline Reviews or Earned Value
reporting
All program managers, project managers
and technical staff applying Earned Value as
an integral part of fixed asset planning
Members of the Project Management Office
interested in establishing the best and most
current EVMS processes
Program or project managers who need
to apply EVMS as a risk assessment and
management tool
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Performance Focus
The goal of this course is to provide you with
the knowledge and understanding needed to
properly implement EVM within your
organization.
What You Will Learn
You’ll learn how to:
Develop a project baseline
Record actual project performance
Calculate EVM measures
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 implementation plan for
your organization
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Course Overview
Getting Started
Introductions
Course structure
Course goals and objectives
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Foundation Concepts
Definition and benefits of EVM
History of EVM and Cost and Schedule
Control System Criteria (C/SCSC)
Project applications of EVM
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Building a Project Baseline
Definition of project baseline
Developing a project baseline
Using a project baseline
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Recording Actuals
Data collection for recording actual project
performance
Methods for determining Earned Value
Improving the data-collection process
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EVM Performance Measures
Calculating and interpreting measures of
current status
- Cost and schedule variance
- Cost and schedule performance indexes
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Calculating and interpreting measures for
forecasting results
- Estimate at completion
- Latest revised estimate
- Variance at completion
- To-complete performance index
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EVM and Risk Management
Integrating EVM and risk management
Developing and using a reserve drawdown
curve
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Responding to Variances
Determining what is a variance
Proper process for responding to variances
Response options
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Reporting Project Performance
Determining reporting objectives
Determining reporting needs
Reporting options
Reporting problems
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Implementing EVM
Requirements for an EVMS
Tailoring the EVMS
EVMS “light”
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Summary
What did we learn, and how can we
implement this in our work environments?
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Take advantage of the flexibility, customization, focus and control that onsite training offers and let us tailor a course or program to align with your
company’s mission, values and unique business needs. We can deliver any course to your team or organization in a private format - at your location, at
one of our training sites or in a virtual setting. Email us at onsite@iil.com for a free consultation today or visit www.iil.com/onsite for more information.
#8817 / Four 3-hour sessions
CEU Credits: 1.2 / PDU Credits: 12
Price: USD 850
#5017 / 2 Days
CEU Credits: 1.4 / PDU Credits: 14 / CPE Credits: 16
Price: USD 1295
ON-DEMAND LEARNING: Set your own pace with a recorded online version of this course and log on when and where you learn best.
#PA8817 / Four 3-hour sessions
CEU Credits: 1.2 / PDU Credits: 12
Price: USD 850
