Project Management. Evaluate the performance of your project using Earned Value. PMI. PMP. CAPM
The course “Fast Track to Earned Value Management”, introduces the participants to the basics of the “Art of Earned Value Management applied on Projects”. It provides the participants with the basic terminology used in Earned Value Management and defines the different parameters and formulas.
What you’ll learn
- Evaluate project performance using earned value parameters.
- Set up a project schedule and budget that complies with the principles of earned value management.
- Define the basic earned value parameters like planned value (PV), earned value (EV) and actual cost (AC).
- Compare the classical way of evaluating project cost performance with the earned value approach.
- Define and calculate Schedule Variance (SV), Cost Variance (CV), Schedule Performance Index (SPI), Cost Performance Index (CPI), Cost Schedule Index (CSI).
- Calculate the different Estimates at Completion (EAC) using the formulas.
- Determine the Estimate to Complete (ETC) and Variance at Completion (VAC).
- Calculate the To Complete Performance Index (TCPI).
- Understand the problems related to the Schedule Variance and the need for Earned Schedule Management.
Course Content
- Introduction –> 5 lectures • 16min.
- Project Follow Up and Earned Value –> 5 lectures • 24min.
- The Earned Value Approach –> 7 lectures • 42min.
- Earned Value Parameters –> 6 lectures • 35min.
- Practical Use of Earned Value Management –> 5 lectures • 15min.
- Final Test –> 6 lectures • 9min.
Requirements
The course “Fast Track to Earned Value Management”, introduces the participants to the basics of the “Art of Earned Value Management applied on Projects”. It provides the participants with the basic terminology used in Earned Value Management and defines the different parameters and formulas.
The Fast Track concept focuses on the main principles of earned value, introduces the concepts and calculations that will help you to understand the basics and will help you understand what EVM is and how it can improve your projects.
Project Management has become a need for any company to survive in these fast changing times. Successful projects drive companies and determine their success over other companies and Earned Value Management has become an important element in project success evaluation and decision making.
This course follows the PMI standards and terminology based on the PMBOK 6th Edition and is a perfect first step in acquiring more knowledge in project management for people who are new in the topic and for people with experience, it is an interesting way to review the basics and earn PDUs.
When you claim PDUs or use the course to specify your formal training you can use the following information to complete the application related to the talent triangle:
Provider: De Ceuster Academy @ APraCom, s.r.o.
Technical: 2
Strategic & Business: 0.25
Leadership: 0.25
Content
- Introduction, How to use the Course, Content and Learning Outcomes
- Project Follow Up and Earned Value
- The Earned Value Approach
- Practical Use of Earned Value Parameters
- Review and Final Test
Learning Outcomes
At the end of the course, the participants will be able to:
- Define and Calculate the EVM parameters Planned Value (PV), Earned Value (EV) and Actual Cost (AC)
- Report the project schedule and cost position using the EVM parameters
- Calculate the Schedule and Cost Variances and Indices and the Cost Schedule Index
- Determine the status of the project using different parameters
- Estimate the Cost at Completion, and Variance at Completion using different approaches and formulas
- Identify the problem using Schedule Variance
- Apply the Formulas on a Case Project