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Description: |
This seminar addresses earned value management system (EVMS) concepts, applications and issues in the context of performance-based management and budgeting. It uses case studies throughout to reinforce the concepts. It addresses: organizing the project work; planning for performance management; accumulating performance data; monitoring project performance; maintaining the project baseline; assessing project performance; and the system compliance process. This seminar is designed for the person new to the world of performance-based management and EVMS and also for those who are looking for a refresher/update on these topics. Target Audience Project managers, project engineers, other project personnel who independently monitor and analyze project schedule performance. The workshop emphasizes many important techniques including: - Understanding the basic concepts of earned value
- Integrate the scope, schedule and cost elements of the project
- Understand the critical distinctions between budget and funds
- Understand the management control point concepts behind the control account
- Define control accounts in both traditional functional and IPD environments
- Effectively define candidates for the role of control account manager
- Better define work and planning packages as well as relate them to activities within the schedule
- Select the most appropriate EV techniques for individual work packages
- Apply the rolling wave planning principles
- Develop and/or analyze a control account plan
- Understand management reserve and how to establish a meaningful amount
- Understand undistributed budget
- Identify the optimal point of measurement for material for the organization
- Better understand what are and aren't appropriate change practices in a baseline environment
- Close an in-process work package
- Make changes to future portions of an in-proces work package
- Calculate efficiency factors such as the CPI, SPI and TCPI
- Avoid common pitfalls associated with data analysis
- Develop and/or analyze graphical depictions of performance information
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