Prevent
Project Failure through the Use of Earned Value Management Systems
The
U.S. Department of Defense (DoD) has always been a leader
in the development of project management concepts and tools.
They also lead in the application of these tools to plan and
control the execution of complex projects.
In
December of 1996, the DoD officially adopted a system of Earned
Value Management System (EVMS) requirements for their contractors
to use for tracking and communication purposes. These principles
and methods are not only applicable to large military contracts.
They can be extended to projects of all sizes, all types,
and all industries.
This
workshop will expose you to EVMS and show you how you can
adopt these measures to help you plan, evaluate, and control
your project to maximize the probability of project success.
Who
Should Attend?
This
workshop is designed for individuals with an understanding
of the basics of project management principles who would like
to improve the success rate of their projects. It is ideal
for project managers, cost and schedule analysts, technical
managers, and executives who oversee project organizations.
How
You Will Benefit:
Through
lecture, open discussion, and team exercises you will be able
to:
- Apply
planning principles to optimize the use of EVMS control
systems
- Know
how best to define project scope
- Identify
which components of EVMS map best to your industry
- Understand
the difference in near term vs. long term planning approaches
- Develop
standards and metrics to track and measure project success
- Monitor
and Evaluate "actual" data
- Recognize
a project that is out of control or going out of control
- Identify
basic causes of troubled projects
- Prevent
small problems from escalating into large problems
- Improve
your ability to deliver projects on schedule and within
budget
Your
Workshop Experience Will Cover:
The
Concepts and Objectives of EVMS - Understand the benefits
of EVMS, learn about its components, and get an appreciation
for its success as a project control system.
Activity
Planning - Learn the difference between Work Packages
and Planning Packages. Understand how this will affect your
approach to short and long term planning. Also, why it is
important to select the proper duration for your tracking
tasks.
Benefits
of Proper Work Definition - See how proper planning
helps managers credibly request appropriate resources and
provide the basis against which performance can be measured.
Performance
Measures and Criteria - Learn simple but powerful metrics
that will allow you to measure performance based on an objective
set of technical criteria. Get an understanding of how to
set acceptable tolerance levels using these indicators.
Performance
Measurement Baseline - Learn how to integrate cost and
schedule information into a unified measurement system.
Gain an understanding of how to incorporate critical path
analysis into EVMS for planning, tracking, and forecasting
purposes.
Project
Monitoring - Identify what data is necessary to be gathered,
by whom, and at what frequency. Learn how to integrate this
data and to identify what is relevant and what is not.
Project
Evaluation and Control - Learn how to measure the health
of your project. See how to isolate problem areas, identify
basic sources of problems, and take corrective action as
necessary to prevent small problems from mushrooming into
large problems. Make management decisions with the confidence
that the probability of project success will be increased.
Forecasting
- Learn how to use EVMS to forecast project costs and schedules.
Gain an understanding of the pitfalls of forecasting and
enhance the accuracy of your projections.
Project
Communications - Learn how to use EVMS to communicate
project status, forecasts, and plans. Develop objective
measures to support the justification of management decisions
to all stakeholders including team members, upper management,
and customers.
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