Presented by Pete Hasek, PMP
This class will be held at Mott Community College in Flint, MI on March 7th and 8th.
Why should you be interested in taking this class?
Knowledge of Earned Value (EV) is a requirement for project managers. An Earned Value Management System (EVMS; specification EIA-748A) is the consistent implementation of Earned Value methodology across the enterprise. This workshop will teach the participant what is required to implement an EVMS from an enterprise standpoint. Participants will then execute a project, using a game board, a WBS, a schedule, and a budget, experiencing the benefits of an EVMS in a safe environment.
Managing risk for any project is an absolute must. Identifying risks is the easy part; estimating the reserve for managing the risks is more difficult. And using the Risk Management Reserve (RMR) to stay within the total project budget is something that few Project Managers have experienced. This workshop takes the participants through the estimating, budgeting, and execution processes for managing risks. Participants experience the integration of risk management into an EVMS so that accurate estimates at completion can be made, using the same game board and components described above.
What will be covered?
Introduction: Understanding the key role of the WBS in an EVMS; diagramming the flow of information in an EVMS.
OBS & Control Accounts: Defining the Organizational Breakdown Structure (OBS) and the interaction with the Work Breakdown Structure (WBS) to create Control Accounts.
Scope: Reading a scope statement, identifying deliverables, and creating an appropriate WBS; team exercises.
Creating Control Accounts: Based on defined responsibilities and the desired level of project control and data visibility, teams will create control accounts; team exercise.
Cost Centers and Contracts: Purpose and function of Cost Centers; numbering schema for Cost Centers and Contracts; multiple data dimensions of Cost Center, Deliverable, and Project, and the benefits of each.
Collecting Expenses: Work Orders, Time Tracking, and Actual Cost of Work Performed (ACWP); data flow and audit trail from deliverable to Actual Cost.
Schedule Structure: Relationship to the Scope, the WBS, deliverables and organizational business processes.
Project & Deliverable Status: Attributes of deliverables; project baseline; status of deliverables; status of the project.
Status Reporting: Assessing project status at all levels of the WBS using EV metrics; status by organization; RMR and the Estimate at Completion; use of trend charts and dashboards; team exercises.
Project Execution using Risk Management and Earned Value: Game Assets and EV Tools. Risk definition; risk statement; risk exposure. Classes of Risk. Budgeting for risk exposure, RMR, total project budget. Acme eDot current situation; deliverables, budget, schedule; roles and responsibilities. Project execution while encountering risks and avoiding risks; managing the RMR; calculating EV metrics and estimate at completion; presenting project reviews. Comparing good performing organizations to poor performers based on EV metrics. All day team exercise.
Who should attend?
This course is intended for: Project managers, program managers, and portfolio managers; functional managers who support project work in their area; senior level managers and above who want to improve project execution, reduce cost/schedule over-runs, eliminate unpleasant surprises within their organizations, manage and forecast workload.
Prerequisites:
Knowledge and experience in Project Management fundamentals. Know your EVM and Risk formula.
Class Length:
Two Days: March 7, 2007 and March 8, 2007
Time: 8:00 am to 5:00 pm.
Continental breakfast and Lunch will be provided.
PDUs: 16
Cost: $125 for members and $150 for non members.
Refund Policy:
Partial refunds will be provided upon cancellation. The part that will not be refunded are the cost incurred by the chapter for Registration and Credit Card processing fees. An itemized statement will be available upon request. If cancellation takes place within three days of the event, food and presentation material costs incurred will not be refunded. Full refunds will be provided if the chapter cancels the event. If paying at the door, a deposit equaling 50% of the event fee, will be required at the time of registration. The above refund policy will be applied upon this amount.
To Register:
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