Macrosolutions Training: Earned Value Analysis in projects

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Get to know and implement the most powerful market tool used in the project performance structured assessment.

Get to know and implement the most powerful market tool used in the project performance structured assessment.

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  • 1. EARNED VALUE ANALYSIS IN PROJECTS TRAINING
  • 2. [TRAINING OBJECTIVE To qualify students in one of the most powerful project control tools that is available. The Earned Value Analysis is widely used in the North American government and it has been increasingly used in other countries and organizations. TRAINING CONTENT At the end of the course the student will be able to: ✓✓Understand the three components of the earned value analysis ✓✓Plan a project in order to use the earned value analysis ✓✓Create the Account Control Plans for performance assessment ✓✓Apply different mathematical models to determine the earned value ✓✓Calculate variances and performance indices ✓✓Establish different cost and deadlines estimates for the project from the current project performance ✓✓Distinguish the To-Complete-Performance-Indice TCPI from the current performance index CPI ✓✓Identify the major success factors in the organizations earned value analysis implementation © Macrosolutions SA. All rights reserved. 2/9
  • 3. [TRAINING FACT SHEET DESCRIPTION Course number of hours. The number of days depends COURSE DURATION on the daily number of hours dedicated in each course. 16 Hours. The minimum number of students suggested to ensure NUMBER OF PARTICIPANTS the training economic viability. Minimum 20 students per class. TARGET AUDIENCE Project managers, projects team members, planners, PMO members, others stakeholders interested in the project management process. REQUIREMENTS Project management knowledge (especially costs and schedule) The language in which the training is ministered. LANGUAGE(S) Portuguese and English. LOCAL Provided by the contractor. Worldwide attendance. Closed classes are hired by a particular organization CLOSED CLASSES or group. In this case all the participants are selected/ (IN COMPANY)? chosen by the contracting organization. Yes. Open classes offer public access in which the OPEN CLASSES? registration is done by each participant, individually. No. Professional Development Units are the measuring CERTIFICATION AND PDU units issued by the Project Management Institute for All training participants will receive a the credential holders. With these units the credential participation certificate with 16 PMI’s PDUs. holders can maintain their certifications. (PMI R.E.P. activity number: Macro008) © Macrosolutions SA. All rights reserved. 3/9
  • 4. [TRAININGSTANDARDS ANDMETHODOLOGIES Project management standards and methodologies discussed and addressed in the training. Project Management Institute (PMI) UK Office of Government Commerce (OGC) PMBOK Guide PRINCE2 (Projects in Controlled Environments) — PMI Practice Standard for Estimating MSP (Managing Successful Programmes) — PMI Practice Standard for Earned Value Management M_O_R (Management of Risks) — PMI Practice Standard for Configuration P3M3 (Portfolio, Programme, and Project — — Management Management Maturity Model) PMI Practice Standard for Risk Management — P3O (Portfolio, Programme and Project Offices) — PMI Practice Standard for Work Breakdown Structure MoP (Management of Portfolios) — PMI Practice Standard for Scheduling MoV (Management of Value) — PMI Standard for Portfolio Management — Scrum Alliance PMI Standard for Program Management — Scrum Methodology — PMI Project Manager Development Competency — Framework International Project Management Association (IPMA) Organizational Project Management Maturity Model — ICB® IPMA Competence Baseline (OPM3®) — © Macrosolutions SA. All rights reserved. 4/9
  • 5. [TRAINING BASIC PROGRAM [ COURSE OPENING [ EARNED VALUE ANALYSIS ›› Earned Value Concept ›› Budget, actual costs and Earned Value Nomenclature ›› Cost and schedule variation Nomenclature ›› Performance indices Nomenclature ›› Earned value background [ PROJECT PLANNING IN ORDER TO APPLY EARNED VALUE ANALYSIS ›› Project Planning ›› Scope Definition ›› Schedule Development ›› Cost Account Plans (CAPs) and budgeting ›› Establishing the baseline and the budgeted cost of work scheduled (BCWS) [ PROJECTS EXECUTION AND MONITORING USING EARNED VALUE ANALYSIS ›› Earned Value Measurement and Calculation (BCWP – Budgeted Cost of Work Performed) ›› Actual Cost Measurement and Calculation (ACWP – Actual Cost of work Performed) [ EARNED VALUE FORECASTING AND ESTIMATES ›› Costs and Schedule forecasting and estimates nomenclature using Earned Value Analysis ›› Indices used to estimate the final project costs ›› Types of SPI and CPI used to compose indices to estimate the project final cost and schedule [ EARNED VALUE ANALYSIS AS A CONTROL TOOL ›› Earned value analysis as a control tool [ COURSE CLOSE-OUT © Macrosolutions SA. All rights reserved. 5/9
  • 6. [TRAINING ADDITIONAL DYNAMICS As part of our methodology, in this course the following dynamics will be used: [ CASE STUDIES › Ricardo Vargas and the Macrosolutions’ team have selected a relevant set of case studies and exercises that allow the participants to associate real and fictional cases the to daily work. › All case studies are appropriate to the nature of the client and the training audience. [ GROUP WORK › Several studies and exercises will be proposed by the instructor in order to present a particular topic or discuss a particular approach to project management. › Throughout the training the teamwork will be encouraged and strengthened as a mean for the group to learn. [ SIMULATORS › To discuss some mathematical and statistical approaches, the instructor will perform specific mathematical simulations to estimate the expected results for the risks, schedules, costs, among others. They are computational methods that use mathematical concepts, operational research and statistics as a conceptual basis. [ LEARNING EXERCISES › During the training, students perform concepts retaining quick exercises. Usually the exercises are quick and direct and involve some kind of mathematical calculation. © Macrosolutions SA. All rights reserved. 6/9
  • 7. [TRAININGEXCLUSIVE STUDENT ACCESS AREA In addition to the exclusive printed material, all participants will have access to the courseware’s electronic version, to the files of exercises and to the work done in the classroom. The access is given through the restricted site that is available and prepared by the Macrosolutions team considering each course that we provide. This initiative is a pioneer in the educational market and also anticipates trends related to the documents’ electronic management Student Area’s on the website macrosolutions.com.br © Macrosolutions SA. All rights reserved. 7/9
  • 8. [TRAINING REQUIRED EQUIPMENT The equipment required for the proper realization of the course is: [ HIGH RESOLUTION PROJECTOR (1024X768) [ SOUND SYSTEM FOR VIDEO DISPLAY [ INTERNET ACCESS [ VARIABLE ILLUMINATION INSIDE THE CLASSROOM [ 01 TABLE FOR EACH GROUP OF FIVE STUDENTS [ 01 FLIP CHART FOR EACH GROUP OF FIVE STUDENTS © Macrosolutions SA. All rights reserved. 8/9
  • 9. [TRAINING FURTHER INFORMATION For further information about this course, please contact: Phone: +55 31 3024-3003 Fax: +55 31 3024-3005 email: info@macrosolutions.com.br © Macrosolutions SA. All rights reserved. 9/9