Unlocking the Power of Earned Value Management

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  • Harness the power of EVM to control your project
  • Indicate work progress in a more objective way within and across projects
  • Properly relate cost, schedule and technical accomplishment
  • Relate time-phased budgets to specific tasks and/or statements of work to create a useful and realistic baseline
  • Supply managers with information at a practical level of summarization
  • Prepare an action plan and create an immediate impact to your organization’s ability to effectively control projects
Course Credits
Course CPE
18
Course PDUs
15.0
Course CEUs
1.5

** Important: Credits may vary by delivery method, click here for more information

You’ve been hearing the term Earned Value Management (EVM) for some time, and you have been introduced to the plethora of calculations involved. Management has been pushing you to explain what’s really going on in your projects, and to tell them how you know that what you’re telling them is true. What you really need is a more objective way to evaluate and control your project and to provide management accurate summary information. In short, you need Unlocking the Power of Earned Value Management.

This course will take you beyond the calculations you’ve already learned. You’ll review key project documents to gain an understanding of their relationship to effective project evaluation and control using EVM. You’ll explore the challenges and approaches involved in establishing a baseline and obtaining accurate, timely and useful information to measure project performance with EVM. You will benefit from relevant discussions with your peers and an experienced instructor.

Working through an integrated case study designed to simulate real-world issues, problems and decisions, you’ll gain insight and experience in determining a realistic assessment of where your project actually stands. This approach allows you to practice new skills and ask questions as you assimilate a broad array of practical experience that can be immediately applied upon your return to the workplace.

Participants in this course will receive ESI’s Earned Valued Formula Finder

Recommendation: Please bring a calculator to class.

Reminder: Prior to taking this course, you should have a good understanding of standard project management control tools such as network diagrams and responsibility matrices. In addition, a basic background in applying and managing cost and schedule metrics is desirable.

  • Evaluation and Control in a Project Environment
    • What is the difference between evaluation and control?
    • The challenges to evaluation and control
    • How do you accomplish effective evaluation and control?
  • Effective Earned Value Management
    • EVM speak—know the language
    • How to get “the numbers”
    • OBS and WBS: What are they and why are they important?
    • Estimating cost and schedule honestly and accurately
    • Setting the Performance Measurement Baseline (PMB)
  • Data Collection, Change Management and Baseline Maintenance
  • Earned Value in Action
    • Formulas for control
    • Variance tolerances and thresholds
    • Are you in control?
    • EVM rules
  • EVM Reporting
    • EVM reports
    • Tracking
    • Project reviews
  • Implementation of Earned Value Management
    • Requirements of the organization
    • Challenges to implementation
  • Developing your plan for implementation

"ESI provides superb courses with good instructors. This course really cleared up my misconceptions and misunderstanding of earned value. The instructor was exceptionally knowledgeable and maintained a superb classroom atmosphere that made learning fun."

Robert Hart, Program Manager
General Dynamics AIS


"My 3rd ESI course. All have been very professional, extremely informative and helped me in my day to day. Great classes!"

Ryan Wagner, Planning & Scheduling Analyst
US Nuclear Regulation


"The course provided a great refresher to fundamental PMI points that impact the ability to effectively track earned value. By far the most exceptional instructor I have ever been exposed to. Instructor was extremely knowledgeable and displayed expert use of tools and diagrams to reinforce class concepts and techniques."

Glenn Gerardi, Project Manager
Verisign Inc.

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GUARANTEED TO RUN
$1645.00 (USD)
Detailed Schedule Information Jun 04 - 05, 2012 Public Classroom Arlington, VA
Detailed Schedule Information Jun 05 - 06, 2012 Public Classroom Toronto Canada
Detailed Schedule Information Sep 24 - 25, 2012 Public Classroom Toronto Canada
Detailed Schedule Information Oct 02 - 03, 2012 Public Classroom Ottawa Canada
Detailed Schedule Information Oct 18 - 19, 2012 Public Classroom San Diego, CA
Detailed Schedule Information Dec 13 - 14, 2012 Public Classroom Washington, DC
** All times are local to where the class is held unless otherwise noted.