Course Description
Beyond EVM Basics: Baseline Control, Risk Considerations and Performance Indicators (APPEL-BEVMB)
Audience
This course is designed for project team members who are responsible for the cost, schedule, and technical performance of project work scope.
Goal
When asked what participants learned that would be most beneficial to their work, they said…
"Reinforced my understanding of EVM principles and extended my ability to apply them to ISS work." —JSC, 2007
"I learned so many things! The most important thing that I learned was the overall process for planning an effective document."
—ARC, 2007
This two-day course will provide an understanding of how to control baseline changes, integrate risk management with EVM, and analyze performance indicators and flags that build upon the basic understanding of the Performance Measurement Baseline (PMB), cost and schedule variances and indices, and determining an Estimate At Completion (EAC).
Learning Methods
Lectures, case studies, discussion, demonstrations and exercises will present key concepts regarding the EVM process.
Specific Objectives
Upon completion of this course, participants will be able to:
- Understand how to control changes to the Performance Measurement Baseline
- Understand how to make risk-informed decisions about Management Reserve and Schedule Reserve usage
- Understand the role of quantitative cost and schedule risk analysis in developing risk-adjusted baselines
- Recognize and respond to warning signs from the contractor’s EVM data
- Understand how common EVM analysis traps could compromise effective decision making
- Develop pertinent EVM metrics and reporting for senior management
Notes
This course is registered by the Project Management Institute (PMI) for 15 Professional Development Units (PDUs). PMI Course ID: BEVM07
