Fast Track to Earned Value Management - Earn 2.5 PDUs
What you'll learn
- Evaluate project performance using earned value parameters
- Set up a project schedule and budget that complies with the principles of earned value management
- Define the basic earned value parameters like planned value (PV), earned value (EV) and actual cost (AC)
- Compare the classical way of evaluating project cost performance with the earned value approach
- Define and calculate Schedule Variance (SV), Cost Variance (CV), Schedule Performance Index (SPI), Cost Performance Index (CPI), Cost Schedule Index (CSI)
- Calculate the different Estimates at Completion (EAC) using the formulas
- Determine the Estimate to Complete (ETC) and Variance at Completion (VAC)
- Calculate the To Complete Performance Index (TCPI)
- Understand the problems related to the Schedule Variance and the need for Earned Schedule Management
- Basic or advanced knowledge of project management principles
- Project scheduling
- Project Budgeting, determining the cost baseline of the project
The course “Fast Track to Earned Value Management”, introduces the participants to the basics of the “Art of Earned Value Management applied on Projects”. It provides the participants with the basic terminology used in Earned Value Management and defines the different parameters and formulas.
The Fast Track concept focuses on the main principles of earned value, introduces the concepts and calculations that will help you to understand the basics and will help you understand what EVM is and how it can improve your projects.
Project Management has become a need for any company to survive in these fast changing times. Successful projects drive companies and determine their success over other companies and Earned Value Management has become an important element in project success evaluation and decision making.
This course follows the PMI standards and terminology based on the PMBOK 6th Edition and is a perfect first step in acquiring more knowledge in project management for people who are new in the topic and for people with experience, it is an interesting way to review the basics and earn PDUs.
When you claim PDUs or use the course to specify your formal training you can use the following information to complete the application related to the talent triangle:
Provider: De Ceuster Academy @ APraCom, s.r.o.
Strategic & Business: 0.25
Introduction, How to use the Course, Content and Learning Outcomes
Project Follow Up and Earned Value
The Earned Value Approach
Practical Use of Earned Value Parameters
Review and Final Test
At the end of the course, the participants will be able to:
Define and Calculate the EVM parameters Planned Value (PV), Earned Value (EV) and Actual Cost (AC)
Report the project schedule and cost position using the EVM parameters
Calculate the Schedule and Cost Variances and Indices and the Cost Schedule Index
Determine the status of the project using different parameters
Estimate the Cost at Completion, and Variance at Completion using different approaches and formulas
Identify the problem using Schedule Variance
Apply the Formulas on a Case Project
Who this course is for:
- People who are interested in increasing their knowledge in more advanced project management topics
- People who want understand how Earned Value can help them to manage project better, improve progress reporting
- People preparing for CAPM or PMP certifications and who want to get more know how in resolving problems involving EVM
Luc De Ceuster obtained his Masters degree in Engineering from the Belgian Royal Military Academy in 1982. In 2001, he obtained the Master Certificate in Project Management from the AT&T School of Business and Technology and his PMP certification from the Project Management Institute.
During his career, he fulfilled different functions in different industries like construction, military, aviation and ICT and was involved in Project Management for over 35 years starting from team member to Senior Project Manager in AT&T.
From 2006 he is running APraCom in the Czech Republic and providing Project Management and Soft Skills Training for companies and is teaching at the University of New York in Prague (UNYP), The Anglo-American University (AAU), City University of Seattle (CityU), University of Finance and Administration (VŠFS) and in both the Undergraduate and Graduate programs. He has been providing consultancy to different companies related to Project Management, Operations and Organization.
From 2018 he started with De Ceuster Academy with the goal to provide a complete project management program in the Czech Republic and Europe and beyond.
· Focus on Project Success. Tools and Techniques for successful projects, 2010
· Focus Earned Value Management for Projects, 2010
· Focus on Risk Management for Projects, 2010
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