This two-day elective course covers the essential elements of earned value management (EVM) as it is used as a tool in program and project management. This course broadly covers the key principles and tools used in developing the EVM budget matrix for important projects. Participants will also touch on accounting considerations and analysis and management reports. The EVM process is an excellent tool to improve the planning process as it helps define the scope of work and establishes clear responsibilities for the work to be accomplished. This tool gives an integrated view of technical, schedule, and cost performance and provides advanced visibility into potential problems. It is a great tool for projects requiring accountability as it is fully transparent.
- Provide an overview of Earned Value Management (EVM).
- Understand EVM and how it relates to project management.
- Measure project performance while applying EVM.
- Learn EVM Techniques.
- Explore schedule, budget, and forecasting techniques.
- Review Risk Management strategies.
- Analyze data to make informed decisions and corrective actions.
- Understand a Performance Measurement Baseline (PMB), how to establish one, and how to evaluate one.
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