Earned Value Management for Business
(Earned Value Training & Mentoring)


Overview and Learning Objectives.

This workshop 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.

At the end of the course, trainees will understand the power of using Earned Value as a practical control and monitoring technique designed to provide added value and insight to their overall project control process and appreciate the steps necessary to implement an effective EV system in their organisation.

Who should attend: Project and program managers, PMO staff, project controls staff and engineers, schedulers and project team members.

Attendees will be provided with comprehensive course notes and references to assist in the implementation of EVM in their businesses.

Training

Course Outline

  • Session 1 - EV Basics:
    • An overview of Earned Value
    • Developing a Time Phased Budget
    • Definition of key elements
    • Definition of key formula
    • Assigning objective measures of performance
    • Summary
    • Exercise #1 – EV Calculations
  • Session 2 - Trend Indicators & History:
    • Accumulating and reporting project cost and performance data
    • Analysing the performance data
    • TCPI and Trends
    • A Brief history of EV
  • Session 3 - Project Organisation & Risk:
    • Define the overall project Scope
    • Decomposing the project scope 
    • The WBS Dictionary
    • Exercise #2 – Develop a WBS
    • Setting the performance management baseline
    • Assigning responsibility
    • Interfacing Risk and Earned Value Management
  • Session 4 - Business Management & Earned Schedule
    • Supporting Standards
    • Managing the project
    • Earned Schedule
    • Course Wrap Up.

This workshop is available in one and two day options:

Download PDF
Download the 1 Day Course Outline

Workshop Details

Mosaic's EV courses are 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 :

  • AS4817-2006, Project performance measurement using Earned Value. This is the first EV standard designed explicitly for use by the general business community.
  • The new ISO 21508 Earned Value Management in Project and Programme Management and ISO 21511 Work breakdown structures for project and programme management.
  • The Practice Standard for Earned Value Management (2nd Ed.) 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.

Modules and Options

Earned Value Business Management 1 - A 1 day Intensive Workshop: This workshop is designed for Business Managers and planners moving to introduce Earned Value Business Management into an organisation. Using Earned Value techniques in a practical business oriented manner adds significant additional information and power to project control process. This course outlines the techniques and processes needed to implement EVBM in an effective and practical manner.  Download the course plan

A condensed version of this overview can be presented as an executive briefing session. See more on Mosaic's Executive Briefings

A Mentored Email™ EV version of this course is available for self-study via distance learning; see more on our Mentored Email™ EV course

Earned Value Business Management 2 - A 2 day in-house practical workshop: Designed for people with limited Earned Value and scheduling training (eg staff in a new project office or in a business unit introducing project management for the first time). The 2 days of tuition will introduce trainees to the calculations, concepts and processes involved in developing an effective Earned Value control process. At its conclusion, trainees will have a solid grounding in the processes and benefits of effective Earned Value control processes.

This course works through the basic techniques and processes needed to implement EVBM in an effective and practical manner.  The course structure is based on the outline above Additional time is spent on the following aspects:

  • Earned Value calculations
  • Decomposing the project scope and developing an effective WBS
  • The WBS Dictionary
  • Assigning responsibility and developing systems
This course includes practical worked examples for:
  • Preparing a WBS
  • Developing and analysing a CPM, Resource levelled schedule
  • Allocating and plotting costs to develop a cost baseline
  • Recording performance and calculating EV ratios at ‘Time Now’ and projected completion values.

The 2 Day coursework can be customised to use a 'real' example of the projects to be included in the organisations EV system.

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PDUs and AIPM CPD Points.

PMI PDUs. Attendees at Mosaic's project management workshops earn 1 PDU per hour of teaching time (typically 6 PDUs per day). The breakdown of PDUs across the PMI Talent Triangle® depends on the modules selected for inclusion in the course - the PDUs to be earned are agreed during the course design phase and are included on your individual course attendance certificates. See more on the PMI Talent Triangle®

AIPM CPD. Attendees at Mosaic's project management workshops earn points based on the AIPM CPD points table current at the date of the course, currently you earn 2 points per hour to a maximum of 20 per course (B08 - Knowledge): see more on the AIPM website.

Other CPD requirements. Mosaic retains details of courses and attendees to support CPD claims in most organisations and we are happy to work with you to ensure you can claim your entitlements.