Course Overview
Day 1	Course Introduction and Instructions Forum Instructions Theory of Earned Value Project Management Definitions Work Breakdown Structure Example project WBS. Three months later – everything OK? Important key variables Units to calculate EV, CV and CPI Forecasting the final cost  Forecasting the final cost  cont. EVM is mainly used as a cost control methodology How do we measure EV? Over-reporting Earned Value will get you in trouble
Day 2	Accurate measurement of the Earned Value The 8 categories of measuring Earned Value Milestones with weighted values Milestones with weighted values example Fixed formula by task: 25/75, 50/50, 75/25, and so on. Percent-complete estimates Percent-Complete with Milestone Gates Percent-Complete with Milestone Gates example Equivalent Units Earned Standards Apportioned Relationship to Discrete Work and Level of Effort EVM Summary
Day 3	Ways to address deviations from plan You MUST determine the root causes. Root Cause Analysis Techniques The 5 Whys Improve and control Brainstorming Brainstorming Session Electronic Brainstorming Electronic Brainstorming Exercise Development of solution criteria Evaluate the solutions Implementation Control Summary
Day 4	Working an example - the power plant’s piping systems The power plant’s piping systems – another WBS. The power plant’s piping systems – Description of the WBS elements The power plant’s piping systems – Description of the WBS elements  cont. The power plant’s piping systems – Schedule Setting up the Control Plan Setting up the Control Plan  cont. Setting up the Control Plan  cont. Setting up the Control Plan  cont. Review earned and spent versus planned $ Analyze EVM data  Example RCA for the cost overrun problem in June  Congratulations Self Test
Day 5	Day 5 is used to review the group exercises of day 4 in the discussion forum Course Evaluation