Overview

Project Cost Management: A Guide to Earned Value Management at UNH
PDT-BusPM-03

Project Cost Management: A Guide to Earned Value Management

In today's competitive market, it is critical that projects be completed on time and within budget. In order to effectively manage projects, you need timely project control information to identify potential problems as soon as possible and make effective project management decisions.

In Project Cost Management: A Guide to Earned Value Management, you'll learn about a project control tool called Earned Value Management (EVM) and its value as an early indicator of project cost and schedule variances. EVM measures work accomplished versus planned budget and schedule (behind/ahead of schedule, under/over budget). The workshop will include a project case study with EVM data and discuss the basic problem-solving decisions necessary for project recovery. You'll also discuss basic project plan components (work breakdown structure, estimates, baselines, project schedules) necessary to produce accurate EVM data and the theory of project constraints (time, cost, quality, scope and resources) that impact the success or failure of projects. 

This workshop is geared to managers and team members of virtually any type of project, including proj­ect teams in IT, manufacturing, construction, or other business and industry environments that are looking for alternate methods of measuring and fore­casting project status.

What You Will Learn

PDT-BusPM-03

Project Cost Management: A Guide to Earned Value Management

Workshop Learning Objectives:

  • Explore and practice the Earned Value Methodology as presented in the Project Management Body of Knowledge®
  • Review some the latest cost processes and methodologies in use today in a corporate setting.
  • Provide you with a framework which you can apply to manage and control your project.
  • Provide you with some tools, techniques and templates which may be adapted and applied to your projects.

Workshop Overview:

  • Managing project performance effectively requires a multi-dimensional tool.
  • Earned Value Management (EVM) is such a tool. Also referred to as:
    • Earned Value Technique (EVT)
    • Earned Value Analysis (EVA)
    • Project Analytics: Scopre, Schedule, Cost

 

Instructor Bios

PDT-BusPM-03

Project Cost Management: A Guide to Earned Value Management

  • David Connors

    David Connors

    David Connors has over 30 years' corporate experience with the IBM Corporation as an I/T professional with more than 25 years' experience in project management. His management experience includes leading a Project Management Office in a multi-divisional, multi-national product development area. He was a member of the Project Management Institute and the PMI NH Chapter serving as Director of their Ambassador Program. He is a corporate trainer and is a recognized expert in project management specializing in Risk Management and certification training. He founded PM Intervention which was, for 10 years, a Registered Education Provider for PMI.

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