Earned Value Management.

Training Schedule and Registration

How much does the plan differ from reality? Analyze your project status and give yourself the right tools to quickly analyze the situation and make the right decision when conditions change.

After the course you will:

Understand the benefits of Earned Value Management (EVM)
Be able to calculate the project status towards variations and index plan
Be able to calculate the projects estimated time and cost using different approaches
Know how EVM-data is best presented toward stakeholders using reports, S-shaped curve or as trend analysis
Know the essential conditions for successful implementation of EVM

Description

Earned Value Management is an excellent method to follow-up and estimate projects. The method gives an up-to-date evaluation of the project´s status in relation to budget and schedule.

Are we ahead or behind schedule right now?
When is the project estimated to be completed?
Are we above or below budget right now?
How will the final cost correlate to the planned budget?
How effectively do we utilize our resources?

To maximize the benefits of Earned Value Management it is important that the method is used correctly. This course provides a thorough overview of principles and best practices. The theory sections are alternated with discussions and exercises.

Content

Earned Value Management – Background, benefits and concept
Key concepts: Estimated value, Earned value and Actual cost
Variations – deviations from the original plan
How to calculate index ratios – SPI, CPI
How to make predictions – EAC, ETC
What actions are necessary if the project is behind schedule? (TCPI)
How to communicate project status to project stakeholders
How to present EVM as a report, a S-shaped curve or as a trend report
Proper data is essential but difficult – How to best measure earned value in different situations

Target group

The course is designed for those who work as a project manager, senior project manager or line manager

Prerequisites

Experience from project based work

Language

Course: SWE/EN

Material: EN

Length

1 day

PDU (Professional Development Units)

8 PDU