The Project Technologies Group - Earned Value Management System and Risk Management


Module Summary	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.
Who Should Attend:	Project Managers, Program Managers, Senior Managers, and others who want to improve project execution, reduce cost and schedule over-runs, and eliminate unpleasant surprises.
Deliverables	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	Basic Project Management Concepts and Experience
Program Length	3 days