Earned Value Management
Mentored Email™ Course

Mentored Email™ 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.

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 organization.

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 15 PDUs.

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

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Cost $240 (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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See more on:

• 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
5 Modules
(3 Hrs per Module)

• Module 1: EV & Controls Overview
• Course objectives
• An overview of Earned Value Management & Controls 
• The basic requirements for implementing earned value management
• Origins of EVM
   
• Module 2: Getting the Scope & Schedule Right
• Define the overall project Scope
• The concept of a WBS
• The WBS Dictionary
• Integrating the WBS, cost and schedule
• Other project breakdown structures
• The concepts of a ‘good schedule’
• Vertical and horizontal traceability in schedules
• Schedule Density / Rolling Wave
• Linking to the WBS
   
• Module 3: EV Concepts
• Developing a Time Phased Budget
• Definition of key elements
• Definition of key formula
• Measuring progress Assigning objective measures of performance
• Setting the performance management baseline
• Understanding EVM Reports
   
• Module 4: Managing the Project, Trend Indicators & ES
• Assigning responsibility
• Managing the work
• Accumulating and reporting project cost and performance data
• Analyzing the performance data
• TCPI and Trends
• Earned Schedule
• Project surveillance techniques
   
• Module 5: Managing Risk, Standards, Governance and Tools
• Dealing with uncertainty and variability
• Monte Carlo calculations and their use
• Contingencies & Management Reserves
• Interfacing Risk and Earned Value Management
• Useful EV Standards and Guides
• Setting the right governance framework
• EV Software and tools.
   
   

Download the full Course Plan