Project Management using Earned Value - EVM

Power Seminars and KM Systems Group - a nationally acclaimed Earned Value Management expert – presents a Program Management One-Day Training Workshop

Course Summary

This course is designed to give you a basic understanding of Earned Value Management (EVM) and its relationship to Project Management. You will learn how to implement EVM and successfully transfer the new knowledge/skills to your job. EVM is arguably one of the most important tools you will need to execute a project so don´t miss out on this great opportunity.

Course Objectives

Upon completion of this course, you will be able to:

• Explain EVM basic concepts & performance metrics
• Use EVM to organize, plan, perform, analyze and report program work
• Use forward looking performance metrics to enable early problem identification and resolution
• Demonstrate the use of EVM to project future cost and schedule performance

Course Content

Lesson 1: Introduction to Project Management and Earned Value

This lesson introduces you to the basic concepts of Earned Value Management (EVM). You will learn the how EVM relates to traditional project management and the advantages of using EVM.

Learning Objectives
Upon completion of this lesson you will be able to:

• Explain the relationship of Earned Value to traditional project management
• Compare how you are managing projects today to how they would be managed if you were using EVM
• Explain how EVM supports current governmental regulations that require implementation of performance based acquisition management and reporting
• Summarize how EVM provides cost, schedule and performance information for use in project management

Lesson 2: Organizing the Program

In this lesson, you will learn how to use EVM to organize a project. Specifically, we will discuss the role of EVM in the Work Breakdown Structure, the Organizational Breakdown Structure, the Responsibility Assignment Matrix, and the Work Authorization.

Learning Objectives
Upon completion of this lesson, you will be able to:

• Develop and prepare a Work Breakdown Structure (WBS)
• Identify an Organization Breakdown Structure (OBS) for a Single
• Organization and Multiple Organizations
• Develop a Responsibility Assignment Matrix (RAM)
• Define the Work Authorization (WA) process

Lesson 3: Planning the Program

This lesson discusses the relationship of EVM and the planning phase of a program. You will learn how to create a project schedule, a timed-phased budget, and a performance measurement baseline.

Learning Objectives
Upon completion of this lesson, you will be able to:

• Develop a Project Schedule
• Develop Resource Requirements / Budgets
• Develop Schedule and Cost Baseline     

Lesson 4: Performing the Project

This lesson discusses EVM and the performing phase of a program. You will learn how to recognize the key processes to manage program performance, as well as the relationship between the processes.

Learning Objectives
Upon completion of this lesson, you will be able to:

• Identify the key performance processes to manage program performance
• Use forward looking performance metrics to enable early problem identification and resolution

Lesson 5: Analyzing and Reporting

This lesson concentrates on EVM and the Analyzing and Reporting Phase of a program. You will learn how to use program metrics and analysis reports to measure the progress of a program.

Learning Objectives
Upon completion of this lesson, you will be able to:

• Identify and use key programmetrics and analysis reports to measure program progress

Lesson 6: Change Management

We have previously discussed the role of EVM in the Organizing, Planning, Performing, and Analyzing and Reporting phases of a project. This last lesson will demonstrate how to apply EVM in the Change Management Phase.

Learning Objectives
Upon completion of this lesson, you will be able to:

• Demonstrate the use of EVM to project future cost and schedule performance
• Demonstrate the use of EVM to manage change

*Pre-requisite: It is encouraged participants have a basic understanding of Project Management concepts prior to attending the class

Who Should Attend

• Executives who are accountable for Project Performance in the different agencies
• Program/Project Managers/Project Analysts
• Contract Officers, COTRs and Contract Administrators
• Contractors who must implement EVM for their projects/programs

* Lunch in an upscale restaurant is included as an opportunity to network with other professionals on the course.