Understanding Earned Value Management GES 415 » 30 hours
Earned Value Management (EVM) provides an effective and consistent way of planning, executing and controlling project performance. Regardless of the type of project or industry, EVM allows you to plan and monitor your projects using objective data rather than more subjective sources. Many government agencies and their major contractors providing project-oriented services are now required to use EVM in the fulfillment of their contracts. This program is designed to improve your Earned Value Management knowledge and skills. You will learn how to:
- Establish appropriate completion rules for each work effort
- Create a Performance Measurement Baseline (PMB)
- Establish a time-phased cost baseline for the work identified in the Statement of Work
- Objectively measure work completion with confidence
- Proactively manage and control project performance by identifying root causes of time or cost variances
- Use EVM to forecast project cost and schedule completions
Upon registering, you're given an initial six months to complete this program. Should you need more time beyond the six months, an extension of six months is available at no additional cost.