Attendees: Clients and project managers, members of project teams

Duration: 3 days (18 hours)

Introduction to the realized value method

• What is the realized value method?
• Why use the realized value method?
• Classic Management vs. Realized Value Management
• Realized value and management
• Realized Value Management vs. Project/Program Management
• System assumptions for managing the realized value method

Chapter overview

• Project scope/scope management
• What is WBS – Technological structure of project work scope
• Why is WBS necessary?
• Creation of WBS
• WBS dictionary
• OBS – Organizational structure for project implementation
• Matrix of distribution of responsibilities – RAM

Chapter overview

• Time management
• Key time management settings
• What is a timetable?
• Planning vs Time Scheduling
• Establishing a time schedule
• Target time schedule plan
• Critical Path (CP) Method

Chapter overview

Determining the project budget

Project cash flow management

Key settings of cash flow management

• Budgeting procedure
• Establishing a plan for spending money
• Establishing a time target plan
• Establishing a cost target plan

Scope, Time, Costs… – Consolidation!

Reporting at the WBS level

• Cost (control) accounts
• Work packages
• Plan packages
• Work packages/Planning packages

Overview

• Component of the target plan of the contract
• Documenting the target plan
• Target time and spending plans
• Chapter overview

A system for managing the realized value

Earned Value Management System – (EVMS) – Concept and methods

EVMS – Basic settings

• Planned Value (PV)
• Budget per completion (VAS)
• Actual Cost (AS)
• Realized Value (EV)

Overview

• Earned Value (EV) – Methods
• Overview
• Project Status – Example
• Chapter overview

An Earned Value Management System: 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

Realized value management system: Target monitoring plan and change management

Oversight of the target plan and change management

Management of contractual changes

Chapter overview

Earned Value Management System: Reporting

Communication of realized value data

• Tables
• Graphs
• Ѕ curves

Project Cost Achievement Report

• Form 1: Technological structure of scope of work – WBS
• Form 2: Organizational structure of the project – OVЅ
• Form 3: Target plan
• Form 4: Resource Engagement – RBS
• Form 5: Difference analysis report

Cost/Time Schedule Summary Report