Description

All Projects need to be managed with regard to the 3 Preforming Base Lines namely:

• Scope Base Line and WBSQ
• Schedule Base Line
• Cost Base Line

Earned Value management (EVM) is the tool that will do that job more effectively and efficiently than any other tool that is available to the project Manager.

EVM will enable you to view:

• Past performance of the project
• Current performance of the project
• Predict the future trends of the Performing Base Lines

As the Project Manager you now have early warnings on which way the project is heading and corrective action can take place in time. EVM is a technique that no Project Manager should go without, predicting the future is a must in project management.

 The Earned Value Management course starts it journey at the Scope Base Line, Schedule Base Line and the Cost Base Line. Getting this right will allow the Project Manager to Track and Predict the followings:

• Actual & Planned Value
• Earned Value
• Variances between Planned and Actual
• To – complete performance index
• Present Value of the project
• Schedule Variance
• Cost Variance
• Schedule Performance Index
• Cost Performance Index
• Estimate At Completion
• Estimate To Complete
• Too Complete Performance Index:

• With a crisp Earned Value Management (EVM) technique  in place, the following benefits will be achieved in a very short time frame:
  • What value is the project at any given time
  • What variances there are in the project
  • Sound decision making information at the fingertips of management
  • Is the project still viable
  • Understanding of what has been completed
  • What still has to be completed
  • What value does the project carry at Time Now
  • Sound understanding of where the project is in terms of:
    • Time
    • Scope
    • Budget
    • Other

Here is exactly what we cover in this course:

• An explanation of the Earned Value Management (EVM) technique  
• When the Earned Value Management (EVM) technique should take place
• Why Earned Value Management (EVM) technique   
• What a the Earned Value Management (EVM) technique  is
• How to structure the Earned Value Management (EVM) technique    
• The need for establishing Earned Value Management (EVM) technique  
• The mechanics of Earned Value Management (EVM) technique