Earned Value Management

Course Description

This course covers the basics of Earned Value Management and Cost Estimation. This course is intended for program managers, project managers, team leaders, and anyone who need to setup, provide metrics for, base decisions on, or use Earned Value Management. This course is specifically developed to support Project Managers who need to meet the Federal Acquisition Certification for Program and Project Management (FAC-P/PM) program core training requirements.

Course Objectives

Upon successful completion of this course, students will be able to:

• Coordinate an integrated master plan for life cycle management and support
• Assess and oversee the application of department/agency financial policies and directives as they relate to program and resource management
• Direct and monitor risk management processes and making adjustments as necessary
• Administer a comprehensive test and evaluation program
• Examine and implement innovative, alternative logistics support practices
• Plan for adequate staffing and resources across the program life cycle

Course Content

Lesson 1: Earned Value Management
Defined
Policies
Methodologies
Software
Examples

Lesson 2: Background Information
The Triple Constraint
Earned Value Terminology
Earned Value Inputs

Lesson 3: Earned Value Formulas and Calculations
Indexes
Variances
Estimates
Interpretation

Lesson 4: Basic Earned Value Scenarios
Introduction
Workshop Brief
Workshop
Review & Analysis

Lesson 5: Intermediate Earned Value Scenarios
Introduction
Workshop Brief
Workshop
Review & Analysis

Lesson 6: Advanced Earned Value Scenarios
Introduction
Workshop Brief
Workshop
Review & Analysis

Lesson 7: Using Software to Compute Earned Value
Spreadsheet Applications
MS Project
MS Project Based Reporting Workshop

Lesson 8: The Integrated Baseline Review
Defined
Need
Example
Usefulness

Lesson 9: OMB A-94 Cost Estimating
Processes
Methods
Techniques
Analytical Principles
Data
Confidence Bands
Specialized Costing