Introduction to Earned Value | Live Instructor Led Class
Project Management Experts, LLC
Course description
Introduction to Earned Value
The objective of Introduction to Earned Value Management is to introduce the students to basic earned value concepts and to recognize how to manage and report against the metrics that are produced. Using a lecture and exercise format, the students will learn earned value following the foundation provided in the Guide to the Project Manag ement Body of Knowledge MBOK® Guide) established by the Project Management Institute (PMI). Students will then follow a case study through planning, executing and monitoring and controlling to report earned value metrics and present the impact on the cost of completing the project.
Training content
Introduction
Project Life Cycle
Project Management Process Overview
Project Integration Management
- Develop Project Charter
- Develop Project Management Plan
- Develop and Manage Project Work
- Monitor and Control Project Work
- Perform Integrated Change Control
- Close Project or Phase
Developing the Schedule Baseline
Project Cost Management
- Project Cost Management and Its Components
- Cost Management Plan
- Cost Estimating
- Cost Budgeting
Exercise 1: Estimating and Budgeting -Creating the Cost Baseline
- Cost Control
Exercise 2: 1st Execution Cycle Exercise 3: 2nd Execution Cycle Exercise 4: Final Status Report
Certification / Credits
- Introduce basic earned value concepts and to recognize how to manage and report against metrics
- Use metrics to forecast cost and schedule status.
- Discuss the importance of developing solid scope, schedule and cost baseline.
- Demonstrate concepts via case study and exercises
Why choose PME?
Over 300 instructor-led and online course offerings in project management, leadership, and business management
Courses taught by experienced practitioners
Leading provider of project management and agile certifications
About PME
Project Management Experts, LLC
Project Management Experts (PME) is just that, a consortium of project management experts with at least 20 years of experience who have re-directed their careers to improving the project management competency of our clients. Our training classes focus on building...
