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EVMI® 101: Earned Value Management Fundamentals Course is approved by the United States Federal Government Federal Acquisition Institute (FAI) for FAC-P/PM: http://www.fai.gov/certification/VendorConsortium.asp#EVMI
EVMI® 101: Earned Value Management Fundamentals Course
DURATION: 2 DAYS
COURSE HIGHLIGHTS:
You Must Assume Full & Total Control Of Your Projects Now! Don’t let your project tailspin into a disaster! Take full control of your project! Do not let your project control you! You can achieve this goal by being proactive in its monitoring and control rather than being reactive. Apply the use of Earned Value in Project Management to promote effective project planning, monitoring, and control. We will help set up an early warning system that will give you early signs of trouble with your project health. Also discover the keys used to identify potential cost and schedule overruns and grasp the tools and techniques that needed to compare actual work accomplished against baseline schedules and cost.
Above all we will set you on path to recognize what must be done to successfully implement and use Earned Value in your organization utilizing the ANSI-748a Standards & Guidelines
THIS CLASS WILL ENABLE YOU:
· Trace the importance of Earned Value
· Discuss the importance of Earned Value in today's organization
· Explain the relationship between the cumulative cost curve and the project budget
· Develop a control account plan and establish a performance measurement baseline
· Calculate cost and schedule variances and use them to monitor project performance
· Forecast final cost and schedule results using the cost and schedule performance indices
· Identify what must be done to implement Earned Value effectively
· Use statistical process control tools and techniques to improve project performance
· Understand the ANSI-748b Standards and Why You Need to Be Compliant
Section 1: Key Earned Value Concepts
· Explain the Earned Value concept
· Describe the objectives of Earned Value
· Explain how Earned Value is integral to project management
· Discuss the ANSI 748-a EVM guidelines (all 32 criteria)
Section 2: Earned Value Management Principles
· Define the three processes necessary for Earned Value
· Establish actual work to be done
· Determine realistic costs and schedules
Section 3: Planning Process
· Review different earned value measurement methods
· Prepare a Control Account Plan
· Create a Performance Measurement Baseline
Section 4: Earned Value Management Definitions & Formulas
· Determine the factors of Planned Value, Actual Costs, and Earned Value
· Calculate cost and schedule variances
· Identify the challenges in determining Earned Value on materials and subcontracts
Section 5: Earned Value Definitions and Formulas: Analysis
· Calculate Cost and Schedule Indices (CPI and SPI)
· Calculate the To Complete Performance Index (TCPI)
Section 6: Forecasting
· Computing Estimates to Complete (ETC)
· Computing Estimates at Completion (EAC)
· EAC Methods
Section 7: Earned Value Management Implementation
· Identify prerequisites to implementing Earned Value
· Describe barriers to Earned Value implementation
· Explain current Federal guidelines for Earned Value Management: Department of Defense, OMB etc
PLEASE NOTE: Onsite offerings requires a minimum of 10 participants. Payment in full must be received two weeks before the start of class.
***To get your Earned Value Management Fundamentals course completion certificate, you must fully complete all the exercises by due date.
No excuses. You will receive an email to confirm receipt of your exercises. If you do not get a confirm receipt by the due date and you sent already your exercises, please call 703.771.9444
TO FAST TRACK & ADVANCE YOUR CAREER WITH EVMI®'s LEADING GLOBAL CREDENTIAL CERTIFICATIONS™, PLEASE CLICK: here *******************************************************************
******************************************************************* *EVMI® GLOBAL CREDENTIALS & TRAINING PROGRAMS: PLEASE NOTE: All Earned Value Management Institute®, EVMI® credential certification programs: CAEVM™, EVMP® and CEVO® are taught by EVMI® faculty. This is to protect the integrity of the intellectual property contents of EVMI®'s credentials. All EVMI® instructors are highly qualified in their respective fields and areas of expertise. To qualify to sit for any of the exams for EVMI® credential certification programs and other EVMI® certifications, the prospective applicant must undergo the full length of training that is given by EVMI®. EVMI® does not allow/permit the transfer of any external training credits gained from external programs into EVMI® credential certification programs and EVMI® credential certification examinations. This is to protect the integrity and contents of EVMI®'s unique proprietary information, methods, concepts and approaches that are used across and in EVMI® training and credential certification programs. External here refers to any and all training programs not delivered by the Earned Value Management Institute®, EVMI®. FOR EVMI® GLOBAL CREDENTIALS: CLICK HERE ******************************************************************* *EVMI® INTELLECTUAL PROPERTY RIGHTS STATEMENT: PLEASE NOTE: By registering and participating in any of the Earned Value Management Institute® EVMI® courses, programs or certification credentials, you fully agree to, and acknowledge that ALL Earned Value Management Institute® EVMI® credential certification programs, certificate courses, and training materials are fully protected by the United States copyright laws and international copyright laws. Any reproduction, copying, distribution, making of derivatives works of, publically displaying/performing such materials is a violation of the Earned Value Management Institute copyrights. Be also advised that you can not use any of Earned Value Management Institute® EVMI® training materials, including but not limited to the concepts, methodologies, ideas, and techniques expressed in any of Earned Value Management Institute® EVMI® training programs to create competing products and services OR any products and services using Earned Value Management Institute® EVMI® copyrights and trademarks. The Earned Value Management Institute® EVMI® fully enforces its intellectual property rights. If you have questions, send request to: legal@evmi.com ******************************************************************* *ON REJECTED APPLICATIONS: PLEASE NOTE: Earned Value Management Institute®, EVMI® reserves the right to reject any application at any time, if in the opinion of EVMI® the prospective applicant, during the application process withheld information such as whether or not they are providers of competing products or services or presented misleading information about their identity, education, experience or are attempting to gain EVMI® credential certifications for reasons that are not what these EVMI® credential certifications are designed for, or for any other reasons that EVMI® deems unacceptable. EVMI® further reserves the right to not enter into any correspondence regarding the rejection of such application. If an application is rejected, the full registration fee and cost of course will be returned to the applicant within thirty days. Any completed application forms that were submitted for a rejected application is retained by EVMI®. ******************************************************************* *WHEN LEAVING THE WWW.EVMI.COM website: EVMI® makes no representations or warranties about any other Web site which you may access through this one www.evmi.com When you access non-EVMI® Web sites, even though they contain EVMI® trademarks and content regarding EVMI®’s products and services, such Web sites are independent of EVMI® and EVMI® has no control over the operation of non-EVMI® Web sites. Additionally, a link to a non- EVMI® Web site does not mean that EVMI® endorses that Web site or has any responsibility for the use of such Web site. ******************************************************************* EVMI® - The Trusted Authority In Earned Value Management (EVM) Certification & Training™ Earned Value Management Institute®, Where Great Minds Converge And Create Value™ ALL contents of www.evmi.com constitute the property of EVMI® and may not be copied, reproduced or distributed without prior written permission. ©2007 - 2010. EARNED VALUE MANAGEMENT INSTITUTE®, EVMI®. Copyrights, All Rights Reserved.
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