Earned Value Project Management

Earned Value provides a means for the integration of scope, schedule, and budget into a single reporting system that can be applied across an entire portfolio of projects.  It affords a system that is both objective and predictive of project outcomes.  Developed by the United States Department of Defense, a simplified form is applicable to any fixed price or fixed schedule project.

Upon completing this course students should be able to: 

·        Understand the advantages of Earned Value over “budget vs. actual” reporting

·        Employ Earned Value terminology and formulas

·        Define a suitable Earned Value framework for projects

·        Monitor project performance using objective standards

·        Identify appropriate corrective actions

·        Report project progress in terms that allow comparison to other current and historic projects

·        Identify project performance problems as early as fifteen percent of project completion