EARNED VALUE MANAGEMENT TRAINING MODULES

We deliver the following 8 modules under this course:

MODULE 1: INTRODUCTION TO EARNED VALUE MANAGEMENT

The objective of this module is to introduce Earned Value Management and lay the blueprint for the succeeding modules.

This module includes the following topics:

  • Earned Value Management defined
  • The differences between Traditional Management and Earned Value Management
  • How Earned Value Management fits into a Program and Project environment
  • The framework necessary for proper Earned Value implementation
MODULE 2: WORK BREAKDOWN STRUCTURE

The objective of this module is to introduce Work Breakdown Structure (WBS) and other supporting documents.
This module includes defining and illustrating the following topics:

  • Work Breakdown Structure
  • WBS dictionary
  • Organizational Breakdown Structure (OBS)
  • Responsibility Assignment Matrix (RAM)
MODULE 3: PROJECT SCHEDULING

The objective of this module is to introduce Project Scheduling.
The Topics that are addressed in this Module include:

  • Define Planning vs. Scheduling
  • Define and Illustrate Basic Scheduling Concepts
  • Define Logic Relationships and Critical Path
  • Define and Illustrate Different Schedule Formats
MODULE 4: BUDGETING

The objective of this module is to introduce Budgeting Concepts and Definitions.
The Topics that are addressed in this Module include:

  • Cost/Schedule Baselines
  • WBS Levels: Control Accounts, Work Packages, Planning Packages
  • Elements of an Earned Value Contract Baseline
  • Proposed Cost and the Contract Budget Baseline
  • Control Account Manager Roles and Responsibilities

MODULE 5: EVMS CONCEPTS AND METHODS

The objective of this module is to introduce the Basic Earned Value concepts and methods.
The Topics that are addressed in this Module include:

  • Earned Valve Management System (EVMS) Criteria
  • The definitions and illustrations of the basic EVMS terminology
  • The definition and illustrations of the EV methods
MODULE 6: METRICS, PERFORMANCE MEASUREMENTS AND FORECASTING

The objective of this module is to introduce the Metrics and Performance Measurement tools used, along with Forecasting, in Earned Value Management.
The Topics that are addressed in this Module include:

  • Define Cost and Schedule Variances
  • Define Cost and Schedule Performance Indices
  • Define Estimate to Complete (ETC)
  • Define Estimate at Completion (EAC) and Latest Revised Estimate (LRE)
MODULE 7: INTEGRATED BASELINE REVIEW AND CHANGE CONTROL

The objective of this module is to introduce the concepts of the Integrated Baseline Review Process and requirements for Change Control.
The Topics that are addressed in this Module include:

  • Definition of an Integrated Baseline Review (IBR)
  • Integrated Baseline Review Objectives and Responsibilities
  • Change Control Process
MODULE 8: REPORTING

The objective of this module is to introduce required reports under EVM.
The Topics that are addressed in this Module include:

  • Cost Performance Report (CPR)
  • Cost/Schedule Status Report (C/SSR)