Earned Value Management (EVM)

This course teaches you the fundamentals of EVM so you can understand how to establish an effective project baseline and monitor project progress against known expectations.

Learn how EVM is integrated throughout the project life cycle. Practice the activities you go through to establish an effective baseline. Identify the critical data points that must be collected to analyze project progress. Learn to conduct trend analysis, calculate actual cost, and accurately project final cost, schedule, and performance variances. Understand how change impacts EVM and how approved changes can impact your original baseline. Identify the stakeholders who would benefit from EVM data and learn effective communication methods. Finally, review the differences of EVM in a corporate and federal environment.

Course Objectives

• Why EVM is important
• Establishing and managing scope, schedule, and budget
• Creating a reasonable baseline
• Integrating project planning and EVM
• Monitoring and controlling the baseline
• Monitoring and controlling scope, schedule, and cost
• Collecting and analyzing data
• Forecasting final variances
• Managing change and the impact to EVM
• The difference between EVM in corporations and in the federal environment

Prerequisites (Required)

• IT Project Management
• Project Management: Fundamentals

Target Audience

Project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, and program managers.