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Earned Value Management Systems (EVMS) Training
HMS has been involved with Earned Value for almost its entire history. We have worked on some of the largest Defense and Energy projects in Canada and with some of the largest Defense and Energy contractors in the US. We have experience both in basic Earned Value techniques and in the implementation of Earned Value automated systems.
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This course is a non-product related training designed to train newcomers in the basics of Earned Value. The training is designed for a 5 days although more extensive delivery can also be done. The participants should be familiar with basic project management concepts and should be working in an environment which is either planning to deploy an EVMS or has already implemented an EVMS methodology.
Section 1
- Earned Value Management overview
- Traditional Management vs. Earned Value Management
- Earned Value Management and Program and Project environment
- What's needed for Earned Value implementation
Section 2
- WBS (Work Breakdown Structure)
- The WBS dictionary
- (OBS) Organizational Breakdown Structure
- (RAM) Responsibility Assignment Matrix
Section 3
- Planning vs. Scheduling vs. Tracking
- Scheduling Overview
- Relationships and CPM
- Different ways to schedule
Section 4
- Cost/Schedule Baselines
- WBS Levels: Control Accounts, Work Packages, Planning Packages
- The Earned Value Contract Baseline
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- The Contract Budget Baseline
- Cost Account Manager Roles
Section 5
- EVMS Criteria
- Basic EVMS terminology
- EV methods overview
Section 6
- Cost and Schedule Variances
- CPI/SPI (Cost and Schedule Performance Indices)
- ETC (Estimate to Complete)
- EAC (Estimate at Completion) and LRE (Latest Revised Estimate)
Section 7
- The IBR (Integrated Baseline Review)
- Managing a Baseline Review
- A Change Control Process
Section 8
- The CPR (Cost Performance Report
- The CSSR (Cost/Schedule Status Report)
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 Contact us for more information
If we haven't listed a specific solution to the particular challenges you are facing with Microsoft Project, please tell us. In some circumstances, you will require a mix of assistance or specific help that we have not organized in a neatly bundled package. Our consulting and training capabilities covers a wide range of requirements from establishing processes to custom development. Please ask us directly for the assistance you are looking for and we'll do our best to accommodate you.
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