Earned Value

Earned Value Education

Learn to effectively communicate project scope, schedule, and cost status information.

Learn to capture the true scope along with quality that the customer is requesting. Learn how to define your tasks, map your deliverables and milestones, what scope creep is and how to manage expectations, as well as manage change requests and contract modifications.
Learn how to create an integrated master plan (IMP) and an integrated master schedule (IMS.) By development of a well-defined, complete plan you will be able to create a schedule (IMS) for use in the day-to-day program execution. In addition, learn techniques to identify, then mitigate risk resulting in increased probability of project success.
Project cost overruns occur when human resources are not well managed, material cost are not controlled, and manufacturing/repair/contruction processes are not adhered to. Learn to use your IMS to anticipate upcoming risk(s), how to communicate to your team the key points to watch for, as well as controlling budget for work packages.

Start with the three core courses in the subject area of earned value.

Intro Earned Value

Intro to Earned Value

The Intro course covers standard ANSI EIA 748 five process areas: Organization; Planning, Scheduling, and Budgeting; Accounting Considerations; Analysis and Management Reports; and Revisions and Data Maintenance. Learn about the SOW, WBS, BOE, task identification, durations, schedule logic, critical path, driving paths, and EVM.

Resourcing

Resourcing and Cost Management

This course covers discrete tasks vs. LOE, planning packages, rolling wave, and resourcing tasks. We will discuss project execution phase, managing your budget with cost control measures using actual hours charged, progress, and estimate to complete. Lastly, project health topics such as CPI, SPI, schedule variance, cost variance, and baseline execution index (BEI.)

Reporting and Forecasting

Reporting and Forecasting

This course covers the DCMA 14-point assessment, DI-MGMT-81861A format 1 through 7, SRA, IMS analysis for common pitfalls: duplicate task names, tasks with missing links, out of sequence work, start dates prior to time now, actual start dates in the future, tasks with long durations, negative float, and discrete / LOE mix. Forecasting with BCWS, BCWP, ACWP, BAC, and EAC.

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