Project Earned Value Management

This one-day course defines project earned value management and incorporates case studies and workshop exercises to ensure practical learning in the context of ‘real’ engineering  projects. It has been developed for Project Managers who are seeking more in-depth information on earned value management or, as it is sometimes referred to, performance management of projects.

The course does not assume detailed knowledge but does require some understanding of good project management processes and the Project Management Body of Knowledge (PMBoK). The course will also address implementation issues around putting an earned value system and capability in place.

Recognised for Continuing Professional Development (CPD) by Engineers Australia (EA) in accordance with EA CPD Guidelines

Target Audience

This course is suitable for all those who have a working knowledge of project management practice including the PMBoK and who are seeking further insights and practices in using earned value project performance management and measurement techniques. A working knowledge of WBS methods and scheduling tools will be an advantage. Some graphics and chart methods and spreadsheet functions will also be useful. It will address the Australian Standard (AS4817-2006) in earned value and is suitable for program and senior managers considering the improvement of project governance and reporting methods and systems.

Course Outline

Introduction

• Course outline
• Expectations
• AS4817-2006

Definitions and Basic Concepts and Tools

• Definitions
• Concepts
• Tools
• The benefits… The flaws…

EVM Detailed Process – Planning

• Steps 1 to 6
• Case work application

EVM Detailed Process – Executing and Controlling

• Steps 7 to 11
• Case work application

Derivatives Charts and other Interpretative Tools

• Derivative formulae
• Charts and other representative tools
• Reporting

Software applications

• What is available (simple spreadsheets to full systems)
• What is available (costs vs benefits)

Implementing Earned Value Performance Management

• Issues, strategies and lessons learned from the literature and experience

Course Objectives

At the end of the course, participants will be able to:

• Define earned value performance management
• Understand and apply the principles and 11 steps in two key processes in a case study
• Able to use standard earned value formulae and develop key display charts of the main concepts and tools
• Identify where software systems add value and the way they operate
• Examine the issues involved in implementing earned value in an organisational project management setting
• Implement earned value management over the life of a specific project
• Consider wider application in their organisation, and be able to develop an implementation plan for the adoption of earnd value systems and processes for wider use

Facilitator Information

Iain Polley

Iain has been involved in Project Management for over 30 years, as a practitioner, training consultant, troubleshooter, scoping and planning facilitator, and, over the last ten years, as an competency assessor. Iain has worked with many organisations from both the private and public sectors, and has wide experience in different types and phases of projects. He has also spoken to national and international conferences and seminars on project management, and has actively participated in research in project management.

As an EEA expert facilitator, Iain delivers exclusive project management professional development to engineering teams in Australia. As a Registered Training Organisation, Iain and his team at The Moreland Group deliver the EEA Project Management Practice Course, which leads to a Certificate IV, Diploma or Advanced Diploma in Project Management. Iain also delivers special topics in Project Management such as 'Project Earned Value Management' and 'Project Governance' courses. Together, EEA and The Moreland Group have conducted project management training to more than 20,000 participants from over 500 different organisations.

As an EEA expert facilitator, Iain has worked with engineers of all disciplines and with engineering organisations across all sectors of engineering. In addition to this, he has also delivered project management solutions and professional development to broader technical and non-technical professionals including research scientists, health professionals, ICT professionals, not-for-profit professionals, HRM/organisational management professionals and marketing and sales people. He has also worked with many senior executives in project management and governance systems and processes.

Iain has a Grad Dip in Project Management and a Diploma of Training and Assessment Systems. He is a member of the Australian Institute of Project Management (AIPM), and the Project Management Institute (PMI).

Registration

Please select your preferred location and date from the below table and then click on the REGISTER NOW button

Please note: Registrations received by EEA after 4:30pm AEST may not be processed until the next business day

10% saving applies for Engineers Australia Members who provide their member number at time of registration

Course fees detailed below are inclusive of GST