Understanding Earned Value Management
|Fee:|| $1,295.00 |
Sorry, this course is inactive. Please contact our office to see if it will be reinstated, or if alternative classes are available.
Understanding Earned Value Management is critical to your project success. It allows you to more objectively measure project performance. In this course, you will learn what is necessary to plan and manage your project utilizing Earned Value concepts. The course is designed to walk you through the process using a case study from start to finish. Several exercises are incorporated into the format to give you hands-on practice.
Earned Value is a proven method for planning and managing project performance. In addition to establishing a consistent way of planning and estimating all types of project work efforts, it provides the framework for developing consistent project management measurements across projects and industries. It is the true project performance measurement system. It is promoted and supported by the PMI® College of Performance Management (PMI® -CPM® ), and it has been accepted as the American National Standard Institute (ANSI) standard. Private contractors for Department of Defense (DoD) are now held responsible for using these techniques in their government contracts (ANSI/EIA-Standard 748).
Upon successful completion of this program, you will be able to:
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- List the planning elements that are essential to setting up projects for earned value tracking
- Determine how to apply the appropriate completion credit rules for all types of project work efforts
- Understand the earned value formulas and demonstrate how to apply them correctly
- Demonstrate how to apply earned value to current project performance and how to forecast project completion