Imagine a technique that’s like switching on the floodlights to illuminate your entire project. If you spot any warning signs, this technique allows you to focus a spotlight on the problem area.
If that isn’t enough, turn on the Cost Performance Index which is like a crystal ball to predict what your final project cost is likely to be. This enlightening performance measurement technique is called “Managing with the lights on” or Earned Value Management (EVM).
Earned Value Management gives you an early warning if all is not well. For instance, the people working on critical path activities may be on schedule, but the project manager is unaware that many of the non-critical activities are rapidly using up their float.
Too late the project manager realises that the critical path has already jumped to two other activity paths and the entire project is delayed. EVM monitors the schedule performance of every activity and of the project as a whole.
ProjectPro aims to promote excellence in project management through high quality consulting services and accredited training according to the standards and global project management best practices of:
- South African Qualifications Authority (SAQA)
- International Organisation for Standardisation (ISO)
- Project Management Institute (PMI)
The course content is based on the Project Management Institute’s Practice Standard for EVM and will earn delegates eight Professional Development Units (PDUs) for PMP® re-certification.
Earned Value Management is a one-day workshop which covers EVM techniques and also includes a revolutionary new enhancement called Earned Schedule (ES).
Using this new technique ensures that the Schedule Performance Indices and Variances remains relevant throughout the entire project life cycle. ES retains the actual schedule slippage on project completion, which is not the case using traditional EVM.
Who Should Apply?
Earned Value Management is intended for any practitioner who wants to expand their toolset and use EVM to improve project performance.
Especially those who deal with cost and scheduling. Those who would like to earn Professional Development Units (PDU’s) for PMP® recertification may also attend.