Earned Value Training Courses

Earned Value Business Management

Overview

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 four key standards/systems

AS4817-2003, Project performance measurement using Earned Value. This is the first EV standard designed explicitly for use by the general business community.
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

Mosaic recommends the PMI CoPM as a useful EV forum [see below for details]

All EV courses are delivered as workshops to facilitate the transfer of techniques and knowledge. [ See more on Mosaic's Workshops ]

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Earned Value Business Management 1 - A 1 day management overview (or Executive Briefing)
1 Day workshop earns: PMI PDUs = 6 & AIPM CPD Points = 13 (Cat. A8)

This overview is designed for Business Managers and planners moving to introduce Earned Value Business Management into an organisation. 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.

The course is based on AS4817-2003, Project performance measurement using Earned Value (the first international EV standard designed explicitly for use by the general business community). 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.

Course Contents

An overview of Earned Value
Definition of key elements (PV, AC, EV, PMB)
Definition of key formula
An Overview of AS4817 and the Practice Standard for Earned Value Management and advise on their practical implementation
Decomposing the project scope using the Practice Standard for Work Breakdown Structures
Developing the Performance Management Baseline (PMB):

Assigning responsibility

Scheduling the work and developing a Time Phased Budget

Assigning objective measures of performance

Setting the performance management baseline

Managing the project:

Authorising and performing the work

Accumulating and reporting project cost and performance data

Analysing the performance data

Taking management action and maintaining the performance baseline

Extensions to the basic EV methodology:

Implementing Earned Schedule using the public domain templates
Interfacing Risk and Earned Value Management, dealing with variability

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

Book A Briefing

Book A Workshop

[ View a complete list of all Mosaic's public courses and workshops ]

Earned Value Business Management 2 - A 2 day practical workshop
2 Day workshop earns: PMI PDUs = 6 & AIPM CPD Points = 13 (Cat. A8)

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.

The course is based on AS 4817-2006, Project performance measurement using Earned Value (the first international EV standard designed explicitly for use by the general business community). Using Earned Value techniques in a practical business oriented manner adds significant additional information and power to project control process. This course works through the basic techniques and processes needed to implement EVBM in an effective and practical manner.

Course Contents

An overview of Earned Value
- History, framework and new practical business focus of standards
- Definition of key elements (PV, AC, EV, PMB)
- Definition of key formula
Key techniques needed to implement EVBM
- Define the overall project Scope
- Decomposing the project scope
  - Developing an effective WBS using the Practice Standard for Work Breakdown Structures
  - Practical Examples
  - The WBS Dictionary
- Assigning responsibility
- Scheduling the work
  - Developing an effective CPM schedule based on the Practice Standard for Scheduling
  - Resource Balancing / Levelling
  - PMI Scheduling Practice Standard - characteristics of a 'good schedule'
- Scheduling the work and developing a Time Phased Budget
  - Time phasing work packages
  - Assigning Costs
  - Measuring progress
- Assigning objective measures of performance
Setting the performance management baseline
Authorising and performing the work
Accumulating and reporting project cost and performance data

Adjusting actual cost data to align with performance measures

Analysing the performance data
- Performance at ‘Time Now’
- Projections ‘At Completion’
- Understanding and interpreting EV data
- Extending EV to include Earned Schedule - more management information from the same data
Taking management action and maintaining the performance baseline
Dealing with uncertainty and variability (UK practice guide on ‘Interfacing risk and earned value management’)
The Defence Supplement to AS 4817:2006 (if required)

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.

Standards referenced in this course include the PMI Practice Standards for WBS, Scheduling and Earned Value, AS4817 and the Guide to Interfacing Risk and Earned Value Management

Book A Workshop

[ View a complete list of all Mosaic's public courses and workshops ]

Earned Value for Added Control
1 Day workshop earns: PMI PDUs = 6

EV adds significant additional information and power to project control process. This one day training module can be added to any of the 5-STEPS training courses [ see 5-STEPS training ] or run as a stand-alone module for planners moving to introduce Earned Value Business Management to an existing project control system. Trainees will learn how to use Earned Value techniques in a practical business oriented manner. This module is based on the new Australian Standard and PMI's Practice Standard for Earned Value Management. The course demonstrates the techniques and options open to organisations and projects to implement EVBM in an effective and practical manner. A thorough understanding of CPM scheduling techniques is assumed.

EVBM, Earned Value Business Management		Earned Value - Performance Management
	Earned Value Business Management 1 - A 1 day interactive workshop
	Earned Value Business Management 2 - A 2 day practical workshop
	Earned Value for Added Control - A one day add-on module to Mosaic's 5-STEPS scheduling course - (this module also provides value to experienced planners and project office staff needing an understanding of EV).
	EV Executive Briefing
Mentoring and on-site assistance


1 Day workshop earns: PMI PDUs = 6 & AIPM CPD Points = 13 (Cat. A8)

How To

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