Course Description

Advanced Earned Value Management (APPEL-AEVM)

Audience

This is an advanced course that is designed for project team members and others who are responsible for the cost, schedule, and technical performance of project work scope to include performance of suppliers, contractors, and partners.

Goal

This two-day course will provide a working level understanding of how to manage changes to the Performance Measurement Baseline (PMB), control management reserve, and analyze performance indicators and flags that build upon the basic understanding of EVM and the PMB, cost and schedule variances and indices, and estimate at completion (EAC).

Learning Methods

Lectures, discussions, exercises, and a case study will present key project management concepts of planning, executing, and control using the EVM process.

Specific Objectives

Upon completion of this course, participants will be able to:

• Explain how to manage changes to the PMB.
• Demonstrate proper use of management reserve and schedule margin.
• Validate EVM and schedule data; interface with suppliers about performance reporting; and formulate action plans.
• Recognize and respond to early warning signs from EVM data analysis and use results for effective decision making.
• Develop independent estimates at completion based on historical performance.
• Formulate pertinent EVM metrics and reporting for senior management.
• Explain the role of EVM in contractors’ performance evaluation and award fee process.
• Describe methods to build good EVM working relationships between the customer and their suppliers.

Recommended Prerequisite

Understanding EVM (UEVM).

Competencies and Technical Areas Addressed

Earned value management.

Notes

Please refer to the Academy web site for PMI PDU information.