Course Overview
This course gives you a solid understanding of the fundamental principles of earned value management and teaches you how to use both software models and other practical tools to apply them in everyday project scenarios. Aligned with the ANSI EIA-748 standard for Earned Value Management Systems and PMI’s PMBOK® Guide, the curriculum is compliant with the most up-to-date government specifications for reporting project progress.
Duration: 3 days (8 hrs./day)
PDUs: 24
Course Benefits and Objectives
Understand:
- The principles and processes of earned value management (EVM)
- The Performance Management Baseline
- The vocabulary of EVM
- How earned value calculations are used to express completed work in terms that quantify progress
- The use of project performance information in determining corrective action
- Why the use of EVM is crucial for securing government project contracts
Learn:
- How to create a project baseline
- How to use EVM to evaluate a project’s performance against the baseline
- The formulae used to calculate earned value and how to apply them
- Ways to identify and make decisions about corrective actions that are needed based on project performance information
- How to apply EVM principles and calculations to your own projects using hands-on exercises
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