To qualify students in one of the most powerful project control tools that is available.
The Earned Value Analysis is widely used in the North American government and it has been increasingly used in other countries and organizations.
At the end of the course the student will be able to:
- Understand the three components of the earned value analysis
- Plan a project in order to use the earned value analysis
- Create the Account Control Plans for performance assessment
- Apply different mathematical models to determine the earned value
- Calculate variances and performance indices
- Establish different cost and deadlines estimates for the project from the current project performance
- Distinguish the To-Complete-Performance-Indice TCPI from the current performance index CPI
- Identify the major success factors in the organizations earned value analysis implementation
- Course duration [?]
- 16 hours
- Number of participants [?]
- Minimum 20 students per class
- Target audience
- Project managers, projects team members, planners, PMO members, others stakeholders interested in the project management process.
- Project management knowledge (especially costs and schedule)
- Language(s) [?]
- Portuguese and English
- Provided by the contractor. Worldwide attendance.
- Certification and PDU [?]
- All training participants will receive a participation certificate with 16 PMI's PDUs.
(PMI R.E.P. activity number: Macro008)
Teaching Methodology Top ↑
Macrosolutions had developed the market's most awarded dynamics, concerning the projects training.
In this course, the following dynamics will be used:
The courseware to be received by the students will consist of slides, articles and lists of exercises, and it may also contain the following special products by Ricardo Vargas:
- Book Análise de Valor Agregado em Projetos - 5ª Edição
- 5 Minutes PM Videocast. Practical classes with Ricardo Vargas. DVD distributed worldwide by Microsoft that celebrates the Microsoft Project 2010 launch.
Exclusive student access area
In addition to the exclusive printed material, all participants will have access to the courseware’s electronic version, to the files of exercises and to the work done in the classroom.
The access is given through the restricted site that is available and prepared by the Macrosolutions team considering each course that we provide. This initiative is a pioneer in the educational market and also anticipates trends related to the documents’ electronic management
Training basic program
- ‣ Course opening
- 1. Earned value analysis
- Earned Value Concept
- Budget, actual costs and Earned Value Nomenclature
- Cost and schedule variation Nomenclature
- Performance indices Nomenclature
- Earned value background
- 2. Project planning in order to apply earned value analysis
- Project Planning
- Scope Definition
- Schedule Development
- Cost Account Plans (CAPs) and budgeting
- Establishing the baseline and the budgeted cost of work scheduled (BCWS)
- 3. Projects execution and monitoring using earned value analysis
- Earned Value Measurement and Calculation (BCWP – Budgeted Cost of Work Performed)
- Actual Cost Measurement and Calculation (ACWP – Actual Cost of work Performed)
- 4. Earned value forecasting and estimates
- Costs and Schedule forecasting and estimates nomenclature using Earned Value Analysis
- Indices used to estimate the final project costs
- Types of SPI and CPI used to compose indices to estimate the project final cost and schedule
- 5. Earned value analysis as a control tool
- Earned value analysis as a control tool
- ‣ Course close-out
Supported standards and methodologies
Project Management Institute (PMI) PMBOK Guide Yes PMI Practice Standard for Estimating Yes PMI Practice Standard for Earned Value Management Yes PMI Practice Standard for Configuration Management — PMI Practice Standard for Risk Management — PMI Practice Standard for Work Breakdown Structure Yes PMI Practice Standard for Scheduling Yes PMI Standard for Portfolio Management — PMI Standard for Program Management — PMI Project Manager Development Competency Framework — Organizational Project Management Maturity Model (OPM3®) — UK Office of Government Commerce (OGC) PRINCE2 (Projects in Controlled Environments) — MSP (Managing Successful Programmes) — M_O_R (Management of Risks) — P3M3 (Portfolio, Programme, and Project Management Maturity Model) — P3O (Portfolio, Programme and Project Offices) — MoP (Management of Portfolios) — MoV (Management of Value) — Scrum Alliance Scrum Methodology — International Project Management Association (IPMA) ICB® IPMA Competence Baseline —