Earned Value Analysis & Performance Metrics
Earned Value Analysis (EVA) is considered to be the highest form of art and science within
project management. Based on statistical analysis, the employment of EVA has proven to predict
schedule and cost run rates with a high degree of accuracy and certainty. The knowledge and use of
this tool is essential if a project manager is planning to work on any large government, architectural
or engineering contract.
This workshop describes the EVA concepts, terminology, calculations, and graphical processes that can
be used effectively to manage larger business projects. Participants will learn the problems of typical
financial reporting as a measure of project performance, the Earned Value Analysis Terminology,
determine the appropriate sources of data for EVA tracking and reporting, learn various methods of
measuring the value of work earned, and how to determine the organizational prerequisites for effective
EVA reporting.
The course employs the Project Management Institute’s (PMI®) terminology and covers processes &
knowledge areas that are consistent with “A Guide to the Project Management Body of Knowledge (PMBOK
Guide®).”
Audience
Experienced Project Managers, Project Sponsors or Finance Managers who would like to
predict project costs with more accuracy, early in the project.
- Participants should be managing or involved with at least one project
Definitions & Concepts
- Definition of Earned Value
- EVA’s origin and its evolution
- Who Uses Earned Value?
- Why is EVA necessary?
EVA Processes
- Terminology
- What EVA tells us about the present?
- What EVA predicts about the future?
- Sources of EVA’s data
- Methods to determine value of accomplished work
- Determining Project Performance
EVA Reporting
- Importance of executive training
- Understanding the cumulative curve
- Managing to the word “NO”
- When to terminate a project
In order for a class to be successful, all students should share the same general level
of knowledge and experience. If a participant does not demonstrate these, the instructor will take
the necessary steps either to prepare the participant or place him/her in a more appropriate course.
This policy is intended to maintain the high level of quality control that you have come to expect.