Learn how to collect information about project status and report the results with the Earned Value Management System. This system integrates both cost and schedule to provide accurate tracking of project tasks. Learn to track performance by collecting information and measuring project status against a predetermined baseline. Practice techniques for creating and monitoring results to achieve positive project outcomes.  

Introduction to Project Management or equivalent knowledge 

Session 1   

Describe the various project controls that can be used when executing projects. 

• Discuss how project controls are selected 
• Define the various types of project control 
• Explain the principle of Earned Value Management 

Examine the history of earned value management and why it is an important element in controlling projects. 

• Review the 32 separate criteria of ANSI/EIA-748 for Earned Value 
• Define Earned Value terminology 
• Examine Earned Value measuring techniques 

Session 2  

Recognize the terminology of Earned Value and the significance of each term. 

• Discuss the meaning of Cost and Schedule variance 
• Explain the purpose and use of the Cost and Schedule Performance Index (CPI/SPI) 
• Use Earned Value equations to determine project performance 
• Compare Earned Value methodology to project management best practices 
• Explain how Earned Value, Planned Value and Actual Cost can be used to forecast future performance 

Apply earned value management tools and techniques to execute projects on time, within budget, and with high customer satisfaction using an in-class case. 

• Apply Earned Value Principles to an in-class case 
• Examine applying Earned Value techniques to traditional projects 
• Interpret variances and potential project problems using Earned Value data