Earned Value Management Fundamentals Training This training course takes the attendee through the fundamentals of Earned Value Management (EVM). Attendees will gain knowledge of EVM and how it's applied in real world situations, particularly government contracting. https://tensix.com

1. Earned Value Management Fundamentals
Earned Value Management
Duration: 1 Day
Prerequisites: A basic understating of project management techniques and principles, with some
experience as part of a project team is recommended.
Whether you’re a program manager, control account manager, an analyst or tool specialist, this training
will provide you with an invaluable education in the field of earned value management (EVM). This class
offers an introduction to the world of EVM, how and why it was created and why it has become so
relevant to project performance measurement in industry today. Attendees will learn the principals and
language of earned value management as well as the technical aspects of EVM data and how it is
calculated. Typical EVM Systems and processes are also covered to provide a context for how earned
value is set up and managed through each reporting cycle. Attendees will also learn about data analysis
and how to read and interpret standard reports.
In short, this class covers all the basics your team will need to operate effectively within an earned value
project management system.
Training Contents
• Introduction to Earned Value, history and purpose
• Earned Value Concepts
• The ANSI 748 Criteria
• Earned Value Team Roles and Responsibilities
• Organization
• Planning, Scheduling and Budgeting
• Accounting Considerations
• Analysis and Management Reports
• Revisions and Maintenance
• Common Technology
• Earned Value Processes
• Typical Earned Value Systems
• The periodic update cycle for earned value systems
• Best Practices for WBS, OBS and other structures
• Control Accounts, Work Packages and Planning Packages
• The Performance Measurement Baseline
• Selecting the Optimum Earned Value Technique for a work package
• Common pitfalls and things to avoid
• The Earned Value System Implementation time-line
• Preparing for a Integrated Baseline Review (IBR)
• Understanding, analyzing and interpreting Contract Performance Reports (CPRs)
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