The schedule says we're only halfway there but you've spent 90% of your budget. If this sounds familiar, it might be time to consider getting serious about cost tracking for your projects. This 2-part course by Carl Pritchard of Pritchard Management Associates provides an overview of the Earned Value approach to tracking project progress.
The first installment -- Getting Set -- focuses on laying the groundwork the team must have in place to capture and measure earned value. Because the foundation of Earned Value is a well-constructed Work Breakdown Structure, it's also a great introduction to what all this WBS lingo really means, and why it's important. If you can keep these principles in mind while laying out a work breakdown, you'll have better visibility into your projects even without Earned Value.
In part 2 -- Tracking and Reporting -- Carl gets into the practical details of Earned Value Management, including claiming work, reporting results, and, yes, the math. With simple examples and approachable language, Carl shows you how a criteria-based WBS can be used to assess the current state of a project, predict how future work might go on that project, and decide whether or not the effort required to meet the original goals is realistic. The result is bottom-line language that executives will love, assuming you use this intuitive, fact-based approach to reporting.
You'll get the most out of this course if
Your project management processes are fairly well established and applied consistently
You'd like to leverage the knowledge you've accumulated about your projects because of those consistent processes
You want to understand how to create the infrastructure for doing Earned Value right, without a lot of heavy lifting
In this course, you will
Learn how to build a work breakdown structure that is Earned Value compliant
Learn about the environment required for a good Earned Value Management system
Learn to apply and interpret earned value metrics for reporting and forecasting
Use practice drills to confirm your understanding of Earned Value principles and math.
Included in this download:
Two course recordings by Carl Pritchard of Pritchard Management Associates
Presentation slides and related articles explaining the importance of Earned Value
Complete course transcripts for both recordings
Two quizzes with instructions for receiving Category A PDUs. By completing both quizzes successfully, participants will qualify for a total of 2 Category A PDUs.