Earned Value Workshop

This one day workshop covers the fundamentals of Earned Value Analysis, enabling Project and Programme Managers to plan in a way that supports the method, to measure progress and report against cost and schedule baselines, and to make objective and justifiable predictions of cost and schedule outcome.

Who's it for?

This workshop is designed for all staff who are involved in the collection, measurement, reporting and interpretation of project progress metrics.

Objectives and Outline

The measurement and reporting of project progress is notoriously difficult. In the absence of a consistently applied methodology for planning and reporting, each project or programme manager is likely to adopt a different approach to the reporting of progress. Often, these reports are guesswork, based on subjective, frequently optimistic estimates from the project team. The cumulative effect of this guesswork across many projects can lead to gross under or over estimates of the actual situation of the business as a whole, with disastrous eventual effects on cash flow and budget forecasts.

Thus the benefits of adopting an Earned Value approach to progress measurement can be seen at many levels:

For the project and programme managers, a justifiable and objective approach to reporting of progress

For the management accountants and budget holders, a realistic approach to evaluation of progress and cash flows

For the business, confidence in the contribution to effective internal controls of the project progress evaluation processes.

During the workshop, delegates will be learn to:

Produce a cost and schedule baseline

Measure Earned Value against the cost and schedule baseline

Report cost and schedule variances, and understand the relationship between the variances reported

Make objective predictions about future cost and schedule performance

Report objectively to management on the progress of the project or programme.