Online Webinar
Offered by: Global Knowledge (REP 1999)
Duration: 1 hour 1 PDU / 1 CDU Credits: 1 PDU Category A

Using earned value management (EVM) on your projects is like turning on the lights. It provides project managers with a clear and complete view of project performance. It illuminates where a project is–and should be–at any given time.

EVM is a cost-accounting system for projects. It is a monitoring tool that integrates the planning of time, scope, and cost to ensure that all three constraints are monitored and controlled in concert– rather than isolation. Running a project without EVM can be like operating a business without a bookkeeper.

This seminar will explain how EVM is used in the reporting and control of projects. It illustrates how EVM integrates time, scope, and cost for performance analysis. Attendees will learn just how easy it is to adapt project plans for use with EVM. They will be provided with detailed rules for EVM adoption. Along with the strengths of EVM, this web seminar will also outline its limitations.

Seminar Outline

• Introduction to Earned Value Management (EVM)
• Brief history of EVM
• Role of EVM
• Reasons for adopting EVM
• Rules of EVM
• Planning in an EVM environment
• Reasons for not adopting EVM

I learned Earned Value methods for the PMP exam, but I found the acronyms awkward and a little confusing – BCWP (Budgeted Cost of Work Performed), BCWS (Budgeted Cost of Work Performed) and ACWP (Actual Cost of Work Performed). I often noticed clients getting that ‘glazed-over-eyes’ look when I was trying to explain the numbers to a client during a status meeting. As a result, I didn’t use EVM as effectively as I could have.

This webinar demonstrates the new terminology, which I find easier to understand – Planned Value (PV), Earned Value (EV) and Actual Cost (AC). The webinar includes illustrations of EVM calculations and a history of earned value management.

After viewing this webinar, I feel more comfortable and confident in presenting EVM to clients during status meetings.
– EdmontonPM

Presenter:

Brian Egan is the CEO of the Book Box Company and principal of Briny Deep Consulting. He has been involved in strategic management since 1985 as both a project manager and a management consultant.

Brian refers to himself as a “serial entrepreneur”. He has started several companies in such diverse fields as:fish farming, furniture design, gift manufacturing, and, most recently, catering. He is the author of three training courses in management science and several white papers.

Click to view the online webinar EVM – Management with the Lights On

Global Knowledge also has an excellent description of Earned Value concepts.

Click to view Global Knowledge’s Whitepaper on Earned Value