PDT-BusPM-03 - Project Cost Management: A Guide to Earned Value Management
Course Description
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.
Applies Towards the Following Certificates
- Project Management : Electives