Project Management Training

		*Earned Value....Something New* An interactive workshop in Earned Value technique, consistent with the body of knowledge from the Project Management Institute®, featuring techniques proven in the workplace
Getting Started with Earned Value
Earned Value is about Accomplishment Earned Value is predictive Earned Value is historical		Earned value focuses on accomplishment and gives credit for things done. Activity, without accomplishment, is not meaningful. From performance indices, the future can be forecast, given that the project manager does not intervene to change the course. All the past performance is measured and interpreted to evaluate the accomplishment of past acitivities
Traditional Earned Value
Cost Centric focus		Traditional earned value is cost centric, and measures both cost and schedule performance in terms of cost
WBS is necessary		The WBS is all the work to be accomplished. It must be in place to have meaningful earned value
A criteria for accomplishment		Before the fact, the project manager establishes the criteria for accomplishment. To be meaningful, it is not continuous. Only discreet steps are to be measured.
Something new in Earned Value
Time Centric Measure the starts and finishes Its simple to administer		When cost data is not available, as it often is not, then focus accomplishment on time metrics With the right set-up, historical and predictive data is available from the time-centric Earned Value Method Making it work is easier, and within the toolset available to most project managers.