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 project control and monitoring technique to deliver added value and insight from their overall project control process. The approach adopted is to assume everyone uses some form of software for EV, therefore rote learning of the formulae is pointless, the software gets this correct (conversely, CAPM and PMI-SP training has to cover the doing the EV calculations for the respective exams). What’s needed is an appreciation of the terms used, the purpose of the calculations, and the value of the information created by the tools.

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 organization.

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.

A Mentored Email™ version of this 1-Day course is available for self-study
via distance learning; see more on our Mentored Email™ EV course
.
 

Training

1 Day Course Outline

  • Session 1: EV & Controls Overview
    • Introductions & house keeping
    • An overview of Earned Value Management & Controls
    • Discussion and Questions
  • Session 2: Getting the WBS & Schedule Right
    • Define the overall project Scope
      - Project breakdown structures
    • The WBS (ISO 21511:2018 Work Breakdown Structures)
      - WBS rules and definitions
      - Work packages, planning packages, Control accounts
      - 100% Rule (contingencies and unallocated budget)
    • The WBS Dictionary
    • The schedule
      - Creating a dynamic schedule
    • Vertical and horizontal traceability in schedules
    • Integrating the WBS, cost and schedule
  • Session 3: EV Concepts
    • Developing a Time Phased Budget
    • Definition of key elements
    • Definition of key formula
    • Measuring progress
    • Setting the performance management baseline
    • Authorizing and performing the work
    • Variance analysis
    • Managing the work
  • Session 4: Governance and Controls
    • Obtaining performance data
    • Seeing the trends - how information is displayed changes perceptions
    • TCPI and Trends 
    • Managing the schedule
    • The are of surveillance
    • Reporting options
    • Governance requirements
    • Risk and Uncertainty
    • Useful EV Standards and Guides
    • Course wrap up

This workshop is available in half-day, one and two-day options:

Download PDF
Download the full 1-Day Course Plan

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 :

  • AS/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.

 
Modules and Options

Earned Value Business Management - 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 PDF
Download the full 1-Day Course Plan

A Mentored Email™ version of this 1-Day course is available for self-study
via distance learning; see more on our Mentored Email™ EV course
.
 

 

1/2 day Overview: A condensed version of this workshop can be presented as a half-day overview, or as an executive briefing session. See more on Mosaic's Executive Briefings.

Download PDF
Download the 1/2-Day Course Plan

 

Earned Value Business Management - 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). In addition to the 1 day overview, the 2 days of tuition allows time to 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 1-Day outline above with additional time 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 analyzing 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 is customized to to meet client requirements and may use a 'real' example of the projects to be included in the organizations EV system.

Also available as a short Executive Briefing session.
 

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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 organizations and we are happy to work with you to ensure you can claim your entitlements.