Earned Value Management
Mentored Email™ Course

Course Details

Mosaic's Mentored Email™ EV course is designed to provide students with an understanding of the power of using Earned Value as a practical control and monitoring technique to deliver added value and insight from their overall project control process. The courses are based on a number of key standards/systems:

• ISO 21508 Earned Value Management in Project and Programme Management
• ISO 21511 Work breakdown structures for project and programme management.
• The Practice Standard for Earned Value Management and the Practice Standard for Work Breakdown Structures - Global standards developed by PMI, USA.
• Interfacing Risk and Earned Value Management, published by the Association for Project Management UK.
• Earned Schedule: an extension to the EV methodology to determine projected project completion dates. See www.earnedschedule.com.
• Note: We do not use EIA-748  Standard for Earned Value Management Systems and its 32 Guidelines in this course (references to this standard can be found on our Earned Value resources page).

At the end of the course, students will have acquired the necessary knowledge to apply EVM effectively in the workplace. The course will:

• Provide a thorough grounding in Earned Value Management.
• Provide a framework of information by way of references to Standards and proprietary materials to allow trainees to acquire the specific knowledge needed to develop an EV system.
• Provide a structured framework to test trainees’ knowledge on a progressive basis through multi-choice questions.
• Provide one-on-one feedback regarding performance in each module to allow trainees to focus on areas requiring improvement.
• Provide on-going support after the course.
• See the contents of the four modules below.

This course is also available as a 1 day workshop for organizations.

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Mentored Email™

Mosaic's One-on-One Mentored Email™ distance learning methodology is designed as a cost effective, 'low overhead' email based delivery option for busy project team members.  The modules are designed to step you through the course work in manageable sections. Most people will aim at one module per week but you can go quicker or slower, the course is entirely self-paced.

Each module includes reference materials, followed by test questions and feedback on the answers provided. The three components of each module are designed to work together to reinforce the student's learning. Regular feedback is provided to each trainee showing their overall score and their score against each of the topics. This helps highlight areas of strength and areas needing more study. Mosaic's telephone mentoring helps trainees ask any questions they may have and to provide additional guidance as needed.

Typical Times per Module - most people average around 3 Hrs per module Each module includes:

• Topic reading and Questions. Reading time should be 1 to 2 hours followed by answering a range of questions in the same format as the examination. Trainees should attempt to answer all questions in approximately 20 minutes.
• Trainee provides answers. Answers the questions on the Excel template and then email to your mentor for scoring.
• Evaluation emailed to trainee. Your Mentor provides feedback on the answers (both why answers are correct and why answers are wrong), a comprehensive scoring report measuring your overall progress and performance against each of the topics covered in the course. Where required, additional reference materials are recommended or provided to the trainee. Review time should be approximately 1 hour.
• The next module is normally forwarded shortly after the current module is returned. Trainees wishing to fast-tack their training typically receive modules on a pre-agreed schedule; it is possible to complete the course in a day if needed.

The course provides access to approximately 100 questions. Each question has a complete answer, by reviewing the answers, trainees learn why some options are correct and why others are wrong. Mosaic's scoring matrix lets each trainee know the topics needing more work and where they are comfortably on track to implement EVM in their organisation.

Note:- All Mentored Email™ courses require the trainee to have access to an email system capable of receiving 'locked' PDF and Excel files (the 'lock' prevents alterations - printing is always enabled).

Module 5-Step work-flow:

1. We email you a module containing reading information and a set of questions.
2. You read a chapter or section of the course reference books.
3. You read Mosaic's course notes. Answer the module questions and email your answers to us.
4. We score your answers and email the results back (usually within a few hours), we also email the next module.
5. You review your scored answers against the detailed answers provided, if necessary ask any questions or for additional explanation. We are happy to respond and will source additional materials/references as needed (this is the 'mentored' bit of the whole process). And then you move onto the next module.
6. On completion of the course you will be issued with a certificate of completion, and have earned 12 PDUs.

For more on Mentored Email™ distance learning visit our PMI-SP page (the methodology is used for our PMI-SP, PMP and CAPM courses). See more on Mentored Email™.
 

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Cost $200 (Australian Dollars, + GST for Australian residents). Modu1e 1 is sent 'on approval', you only pay the invoice if you want to complete the course (EFT, MasterCard or Visa); the initial email also includes full details of the course and the reference materials.

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• Our workshops and how we develop them 
• Our fee structure and general course arrangements
• Our approach to course development
• What our attendees think of us
• One-on-One coaching options
• Short executive briefings

Module Structure
(3 Hrs per Module)

• Module 1: EV Overview
• Course outline
• An overview of Earned Value Management & Controls
  - Key requirements
  - Overview of EV concepts
• - Origins of EVM
• Module 2: Getting the WBS & Schedule Right
• Define the overall project Scope
  - Project breakdown structures
• The concept of a WBS
  - WBS rules and definitions
  - WBS numbering
  - Work packages, planning packages, Control accounts
  - 100% Rule (contingencies and unallocated budget)
• The WBS Dictionary
• The schedule 
  - Creating a ‘good schedule’
  - Dynamic schedules
  - Schedule Density / Rolling Wave (works with Agile)
• Vertical and horizontal traceability in schedules
• Integrating the WBS, cost and schedule
• Module 3: EV Concepts
• Developing a Time Phased Budget
  - Work packages
  - Assigning costs
• Definition of key elements
  - PV, AC, EV & BAC
• Definition of key formula
  - CV, CPI, SV, SPI, EAC, ETC
• Measuring progress Assigning objective measures of performance
  - Payment Milestones
  - Count / measurement
  - Percent Complete
  - Apportioned Effort & Level of Effort
• Setting the performance management baseline
  - Developing the PMB
  - Maintaining the PBM
• Authorizing and performing the work
• Variance analysis
  - Understanding and interpreting EV data
• Managing the work
• Module 4: Governance and Controls
• Obtaining performance data
• Seeing the trends
  - How information is displayed
• TCPI and Trends 
  - To Complete Performance Index
  - The mathematics of losing
• Managing the schedule
  - Statusing and updating
  - Data management
• The art of surveillance
• Reporting options
• Governance requirements
• Risk and uncertainty
• Useful EV Standards, Guides and resources.