Fast Track to Earned Value Management - Earn 2.5 PDUs

Project Management. Evaluate the performance of your project using Earned Value. PMI. PMP. CAPM

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
Requirements
Basic or advanced knowledge of project management principles
Project scheduling
Project Budgeting, determining the cost baseline of the project
Description
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

Who this course is for
People who are interested in increasing their knowledge in more advanced project management topics
People who want understand how Earned Value can help them to manage project better, improve progress reporting
People preparing for CAPM or PMP certifications and who want to get more know how in resolving problems involving EVM