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Earned Value Management Systems
(647)
Credits: 3
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All projects and programs require formal detailed planning and
control systems. Without them, the work teams and functional managers have no
baseline from which to manage their activities. Furthermore, organizational
teams develop their own planning with little regard for other program/project
participants and overall program objectives.
Course 647, therefore, concentrates on how to avoid inefficient
use of scarce resources, constant re-planning, cost overruns, schedule
slippages and failure to achieve technical objectives. You learn about
effective systems for comparing the actual work being accomplished with the
planned increments of work, regardless of the time period in which the work is
performed and regardless of whether there is a formal customer requirement. The
emphasis is on practical day-to-day use of cost/schedule performance control,
earned value and project-control systems to manage a program or project.
Subjects covered include:
| Earned Value Management Systems |
Monitoring and Measuring Program/Project Performance |
| EVMS Findings |
Analysis and Forecasting |
| Project Work Definition and Organization |
Changes, Revisions and Reengineering Earned Value for the Private
Sector |
| Work Breakdown Structures |
Earned Value Reporting Requirements and Fiduciary Responsibilities |
| Responsibility Assignment Matrixes |
Earned Value in Software Projects |
| Control Account Formation |
EVMS Implementation and Reviews |
| EVMS Project Scheduling |
Budgeting and Work Authorization |
| Material and Subcontracts - Accounting and Indirect Costs |
Performance Measurement |
| Increase Your Understanding of |
. Planning, estimating and budgeting techniques
. Work Authorization Systems
. Developing and Using Performance Metrics
. Labor and Material Management and Accounting
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| Improve Your Ability to |
. Develop and use the WBS as a framework
. Organize and define project work
. Plan and budget
. Form a project baseline
. Choose the proper measurement tools
. Objectively measure performance
. Use trend and variance analysis
. Incorporate changes
. Maintain a project baseline
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Professor:
Geoffrey VanderPal, B.S.B.A., M.B.A., D.B.A.
Text: Earned Value Project Management, Quentin Fleming and
Joel Koppelman, Project Management Institute
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