Practical Earned Value Analysis
What you'll learn
- Learn the procedures for developing 25 Project Management KPI's
- Find out how to extract them from basic project tracking data
- Use the KPI's for performance measurements and accountability in projects
- Use the KPI's for the control of cost and schedule plans and execution
- Use the KPI's for predicting performance and avoiding risks
- Improve communications between project teams by the use of standard indicators
Requirements
- The course does not require major competence. Just highschool algebra and a working knowledge of Excel to allow you to manipulate all examples and calculations.
Description
Earned Value Analysis (EVA) is a computational technique that uses 5 key measurements in a project to generate more than 25 KPI's. These KPI's will give the stakeholders answers to such questions: where are we in time? Where are we in actual costs? How much can we earn? They will cover questions about the performance of a project, its rates, indices and percentages. More importantly, EVA KPI's can analyze projects so that specific indices can be use to inform the management about the possibility of correcting schedules or costs to meet the original plans.
This course starts by explaining the 5 measurements and showing how EVA focuses on Earned Values EV, (often called Budgeted Cost of Work Performed (BCWP). This becomes the reference measure to compare planned values and actual costs.
The course proceeds to present the 25 KPI's grouped under 6 lectures, each with its own detailed explanation, examples and most with accompanying Excel workbooks showing how the calculations takes place.
The course does not require advanced pre-requisites. Plain arithmetic and some highschool algebra would be more than enough. As for Microsoft Excel, a working knowledge of this tool would be a great help to your manipulate that many workouts that are provided with the course.
Who this course is for:
- Project Leaders and Managers
- Contractors and suppliers
- Planners
- Budgeting personnel
- Scheduling personnel
- Auditors and Financial Controllers
- Cost Analysts
- Data Analysts involved in providing corporate analytics
- IT personnel involved with Enterprise Project Management (EPM)
- Operations and Technical Managers
- Students embarking on learning Project Management
- Project Managers embarking on PMI certification (PMBOK and PMP)
- Senior Directors and Management
- Project Team Members
Instructor
- 4.4 Instructor Rating
- 43 Reviews
- 338 Students
- 5 Courses
Akram Najjar has a B. Sc. in math and physics. This was followed by a B. Sc. in electronic engineering. As it turned out, his career started in information technology and not in his educational specializations.
During the first 5 years of his career, he was the Senior Systems Analyst in an airline and was responsible for the analysis and design of software applications. He then left to setup and manage two Software Development companies in the Middle East. In the early days of software, such companies usually managed the whole set of requirements for their clients. This gave Akram the chance to have a working knowledge of business and financial processes in various sectors.
After 15 years of software applications, and realizing that the industry had many shortcomings, Akram started concentrating on disciplines that would have resolved a lot of issues in software development. These were the fields of Project Management, Data Analysis and Process Improvement.
His interest in Data Analysis goes back to his degree in math and physics, giving him a love of quantitative business methods that stayed with him throughout the changes of this term, going through data analysis, data science and machine learning.
Akram is highly involved in training management in these 3 subjects and has published 6 technical books that result from his consulting and training experience.