Earned Value Management Foundation & Practitioner Training in Christchurch

Earned Value™ Management Foundation and Practitioner Training Course Outline​

Module 1: Introduction to Earned Value Management

• What is Earned Value Management (EVM)?
• Why Use EVM?
• What Does EVM Require?
• Key Data Elements
• Reporting Graphs

Module 2: EVM Process

• Definition of Scope
• Requirements and Key Deliverables
• Work Breakdown Structure (WBS)
• WBS Dictionary
• Organisational Breakdown Structure (OBS)
• Responsibility Assignment Matrix (RAM)
• Subcontract Management
• Planning
• Foundations of Planning
• Attributes of Work Packages
• Schedule
• Hierarchy of Schedules
• Setting a Budget
• Objective Measures of Progress
• Earned Value Techniques
• Baselining the Project
• Data Collection
• Measuring Costs and Committed Costs
• Analysis Review and Action
• Schedule Status
• Calculating and Reporting Earned Value
• Reporting Graphs
• Variance Thresholds
• Performance Trend Charts
• Estimates at Completion
• Simple Tests of Reasonableness
• TCPI
• Checking Forecast Costs and Dates
• Change Management
• Maintaining Integrity
• When to Make Changes
• Risk Management
• Benefits of Risk Management
• Integrating Risk Management with EVM

Module 3: EVM System Review

• Benefits of a System Review
• Categories of System Review
• EVM Reviews

Module 4: Overview of Earned Value Management

• What is Earned Value Management (EVM)?
• Four Key Data Elements
• Designing an Earned Value Management System
• Factors to Take into Account
• Evaluating the Project Controls Environment
• Defining the Target Level of Implementation
• Defining an Appropriate Change Plan
• Communications Strategy and Infrastructure

Module 5: Definition

• Foundations of Definition
• Statement of Work
• Communicating the WBS
• Control Account Managers
• Managing a Control Account
• Responsibility Assignment Matrix
• Integration of Sub-Contract Management
• Flow-Down to Sub-Contractors
• Flow-Down of Scope to Control Accounts
• Risk, Uncertainty, Complexity, and Novelty
• Define Clear Deliverables
• Develop a WBS

Module 6: Planning

• Foundations of Planning
• Performance Management Baseline
• Principles of Risk Planning
• Earned Value Techniques
• Validity and Effectiveness

Module 7: Data Collection

• Foundations of Data Collection
• Using Estimated Actuals
• Data Collection Requirements
• Verify, Validate, and Reconcile Data Integrity

Module 8: Analysis, Review, and Action

• Foundations of Analysis, Review, and Action
• Reporting Graphs
• Estimates at Completion
• Simple Tests of Reasonableness
• Earned Value Variances and Indices
• Earned Value Reports
• Defining Appropriate Variance Thresholds
• Independent Estimate at Completion (IEAC)
• Identifying Likely Causes
• Selecting Appropriate Courses of Action

Module 9:  Change Management

• Maintaining Integrity
• Types of Baseline Change
• Use of Management Reserve
• Impact of Changing Baselines
• Change Process

Module 10: Risk Management

• Foundations of Risk Management
• Setting the PMB
• Establishing Management Reserve
• Predicting Project Performance
• Project Changes
• Effectiveness

Module 11: System Review

• Foundations of Systems Review
• Benefits of a System Review
• IBR Process
• IBR Issues and Effectiveness
• Demonstration Review Process
• Demonstration Review Issues and Effectiveness
• Surveillance Review Process
• Surveillance Review Issues and Effectiveness
• Effectiveness of System Review Regime

Module 12: Learning from Experience

• Sources of Learning from Experience
• Conducting LFE Review
• Handover of Project Deliverables
• Metrics
• Reviewing, Classifying, and Prioritising LFE
• Possible Recommendations
• Planning Communications
• Selecting and Matching Experience
• Project Closedown Process
• Effectiveness of Learning from Experience