International Institute for Learning, Inc.
Project Management Advanced Courses

Earned Value Management Systems (EVMS)
Industry Best Practices

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Traditional Classroom
Course No.:
Duration:
Credits:
5017
2 Days
14 PDUs / 1.4 CEUs
Virtual Classroom
Course No.:
Duration:
Credits:
8817
Four 3-hour sessions
12 PDUs / 1.2 CEUs
Prerequisites:

Project Management Fundamentals (or commensurate experience on projects)

Course Level: Intermediate / Advanced
 
 

About the Program
Industry EVM processes incorporate best practices appropriate for both program and project management methodologies. These 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 techniques for performance measurement during the execution of a program. EVM 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.

The course emphasis 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).

Who Should Attend

  • Project managers
  • Key project team members
  • Program and portfolio managers

What You Will Learn
You’ll learn how to:

  • Develop a project baseline, using an effective WBS
  • Record actual project performance
  • Calculate EVM measures
  • Evaluate project performance based on EVM measures
  • Respond to project variances
  • Integrate EVM and risk management
  • Determine how EVM will add value to your organization
  • Develop an EVM implementation plan for your organization

Course Overview

Getting Started

  • Introductions
  • Course structure, goals, and objectives

Foundation Concepts

  • Introduction to Earned Value Management (EVM)
  • Benefits of EVM
  • EVM Process Overview
  • Applications of EVM

The Work Breakdown Structure (WBS)

  • Reviewing WBS concepts
  • Reviewing WBS development process (decomposition)
  • Using a WBS to support EVM

Building a Project Baseline

  • Defining a project baseline
  • Developing a project baseline
  • Using a project baseline

Recording Actuals

  • Recording actuals overview
  • Collecting data for actual project performance
    • What
    • When
    • How
  • Determining earned value – various methods

EVM Performance Measures

  • Overview of EVM measures
  • Using current status measures
    • Variance (CV, SV)
    • Performance indices (CPI, SPI)
  • Using forecasting measures
    • Estimate at Completion (EAC)
    • Latest Revised Estimate (LRE)
    • To Complete Performance Index (TCPI)
  • Analyzing EVM measures

EVM and Risk Management

  • Integrating EVM and Risk Management
  • Using EVM measures in the risk register
  • Exploring how EVM can facilitate reserves management

Responding to Variances

  • Introduction to variances
  • Process for responding to variances
  • Response options

Reporting Project Performance

  • EVM reporting overview
  • Meeting EVM reporting needs
  • Addressing EVM reporting challenges

Implementing an EVM System (EVMS)

  • Defining EVMS requirements
  • Tailoring the EVMS

Summary

  • What did we learn, and how can we implement this in our work environments?
 
 
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