Earned Value Management Foundation

Earned Value is aimed at all Project, Programme and Business Management Personnel who require an understanding of the principles, practices and issues of Earned Value Project Management.

By the end of this course Participants will be able to:
* List the planning elements that are essential to setting up projects for Earned Value tracking.
* Understand the Earned Value formulas and demonstrate how to apply them correctly.
* Demonstrate how to apply Earned Value to status current project performance and forecast project completion.
* Pass the APMG Examination.

COURSE CONTENT:

* Define the Project Scope: Project versus product scope, decomposition & work breakdown structures (WBS)
* Creating the Project Baseline: Developing a time-scaled network diagram & developing the project cost baseline.
* Using Earned Value for status Information: Earned Value elements, measuring schedule performance, measuring cost performance, interpreting the formulas & management overview formulas.
* Using Earned Value for Controlling Project Performance: As a root cause analysis tool & understanding the language of variances.
* Forecasting Project Completion: Forecasting terminology, forecasting based on typical variances & forecasting based on atypical variances.
* Interpreting the formulas: Is the project performance as planned, what is the projected completion date / budget? Is the project ok? Or is recovery necessary?