Course description
Introduction to Earned Value
The objective of Introduction to Earned Value Management is to introduce the students to basic earned value concepts and to recognize how to manage and report against the metrics that are produced. Using a lecture and exercise format, the students will learn earned value following the foundation provided in the Guide to the Project Manag ement Body of Knowledge MBOK® Guide) established by the Project Management Institute (PMI). Students will then follow a case study through planning, executing and monitoring and controlling to report earned value metrics and present the impact on the cost of completing the project.
Training content
Introduction
Project Management Process Overview
Developing the Primary Project Baselines
- Develop Project Charter
- Develop Project Management Plan
- Develop the Scope Baseline
- Develop the Schedule Baseline
- Develop the Cost Baseline
- Exercise: Fiscal Donation System
Execute, Monitor, and Control the Project
- Direct and Manage Project Work
- Manage Project Knowledge
- Monitor and Control Project Work
- Perform Integrated Change Control
- Controlling Costs Using Earned Value
- Exercise: Cost Impacts
Forecasting with Earned Value
Earned Value on an Agile Project
Final Case Study
Certification / Credits
Credits: 7 PDUs
Learning Objectives
- Introduce basic earned value concepts and to recognize how to manage and report against metrics produced.
- Use metrics to forecast cost and schedule status.
- Discuss the importance of developing solid scope, schedule, and cost baseline so to effectively capture earned value metrics.
- Demonstrate concepts via case study and exercises
Why choose PME?
Authorized Training Partner by the Project Management Institute
Over 300 instructor-led and online courses in leadership & business management taught by experienced practitioners
Leading provider of Project Management and Agile certifications
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Project Management Experts, LLC
Project Management Experts (PME) is just that, a consortium of project management experts with at least 20 years of experience who have re-directed their careers to improving the project management competency of our clients. Our training classes focus on building...