Earned Value Management (EVM)
A simple concept that can deliver high-value results!
Course Purpose
This course is an overview of the Earned
Value Management System. This course
provides the fundamental principles of
earned value, along with numerous exercises
to reinforce application, but will not be
directed to the details of the daily operations.
Participants will gain valuable insight into
successful planning and management and the
key drivers for improving value in today’s
acquisition process.
Background
Earned Value Management (EVM) is a
simple concept that can deliver high-value
results. Recent directives from the Office of
Management and Budget (OMB) require the
use of EVM in all major government
programs.
Target Audience
Government personnel engaged in the preand
post-award activities dealing with the
determination to include EVM as a
contractual requirement and to understand
the reports generated and delivered to the
government by the contractor. Personnel
that should attend this course will include
personnel in the following disciplines:
contracting, contracting officer
representatives, program or project
management, and others desiring to
understand the fundamental principles for
using this effective management tool in
making proactive business decisions.
AMCI offers volume discounts and discounts to government customers. Course prices listed are for Washington DC-based course offerings. Please contact AMCI for further information about our pricing or to receive a price quote for your organization's training needs.
Course Length - 2 Days
Classroom Hours: 16 hours or 1.6 CEUs
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Cost: Call |
COURSE OBJECTIVES
- Plan all work prior to beginning it
- Measure performance based on an objective set of criteria
- Analyze schedule status and projections using a time phased network
- Analyze the expenditure of funds in light of the work accomplished (not work scheduled)
- Isolate problems:
- Quantify technical problems within the context of cost and schedule parameters
- This is not aimed at replacing or changing the process for technical problem detection
- Forecast completion date and final cost
- Take corrective action
- Maintain disciplined control of the performance measurement baseline
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COURSE OUTLINE
- Fundamental Earned Value Management (EVM) Concepts
- Using EVM in Project Planning
- Using EVM in Performance Measurement
- Analyzing EVM Data for Appropriate Action
- EVM Criteria for Effective Monitoring of Contractor Performance
- EVM and Today's Acquisition Process
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Contact Anne Marie Chester at achester@amciweb.com or
(703) 245-2480 for more information or to schedule this or any of AMCI's
other Professional Acquisition and Contracting Training Series courses. |
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