Attendees: Program/Project Managers, Cost Managers

Duration: 3 days (18 hours)

INTRODUCTION TO THE EARNED VALUE METHOD

• What is the Earned Value Method?
• Why use the Earned Value Method?
• Cost Management vs. Earned Value Management
• Basic assumptions for managing the Earned Value Method

EVM AND SCOPE MANAGEMENT

• Project Scope Management
• What is WBS
• WBS dictionary
• OBS – Organizational structure for project implementation

EVM AND SCHEDULE MANAGEMENT

• Schedule management
• Planning vs Time Scheduling
• Establishing a time schedule
• Project Schedule Baseline
• Critical Path Method (CPM)

PROJECT COST BASELINE

• Determining the project budget
• Project cash flow management
• Establishing Project Cost Baseline

EVM REPORTING

• Planned Value
• Actual Cost
• Earned Value
• Schedule Variance
• Cost Variance
• Cost Performance Index
• Schedule Performance Index
• Estimate at completion

EVM METRICS, MEASURING ACHIEVEMENT AND FORECASTING

• Metrics, measuring achievements and predictions
• Determination of the method of measurement
• Performance indicators
• Overview of differences and indicators of project achievements
• Gap Reporting and Achievement Indicators – Cross-sectional

COMMUNICATION OF EARNED VALUE DATA

• Tables
• Graphs
• Ѕ curves

PROJECT COST ACHIEVEMENT REPORT

• Form 1: Scope of work – WBS
• Form 2: Organizational structure of the project – OBЅ
• Form 3: Project Baseline
• Form 4: Resource Engagement – RBS
• Form 5: Cost/Time Schedule Summary Report