I/S Resource Group: Earned Value Tracking, Training, Project, Project Management, PMBOK, PMBOK Guide, Earned Value Analysis, Benefits of Earned Value, Earned Value Prerequisites, Earned Value Terminology, Earned Value Formulas, Planned Value, Actual Cost, Cumulative Cost Curve, BCWS, ACWS, BCWP, Cost Variance, Cost Performance Index, Schedule Variance, Schedule Performance Index, Estimate at Complete, Cost at Completion

Earned Value Tracking

Overview
(1/2 - 1 Day)

This module provides the background, prerequisites and procedures for Earned Value tracking, an industrial-strength method for tracking progress of very large projects. Earned Value is also very useful for tracking projects that earn payment for measurable progress.

Learning Objectives

Define the Earned-Value concept and terminology, and identify its purpose in project tracking.
Identify and apply Earned Value Tracking formulas to determine project status.
Explain the implications of cost and schedule variances. Forecast final cost and completion dates using Earned Value methods.
Identify and satisfy the prerequisites for appropriate use of Earned Value Tracking, including timing issues and accuracy of information.
Identify alternative ways to use the earned value approach, when all the needed information is not available.

Audience

This module is for Project Managers, Project Office Staff, and Team Leaders who need to know how to apply this superior method of tracking project progress.

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