COURSE # MRO-251


EARNED VALUE MANAGEMENT –
            PRINCIPLES, PROCESSES & EVOLVING FEDERAL ACQUISITION REFORMS


… Earned Value Management (EVM) data will be reliable and accurate only if the right base measures of technical performance are selected and progress is objectively assessed…


The paramount importance and value of the Project Management function (PM) is indisputable; sophisticated tools and processes in use today, such as Earned Value Management (EVM), are capable of integrating a project’s cost, schedule and technical performance, thus optimizing the entire cycle. Even so, it is not uncommon for an organization to comply with the ANSI/EIA Standard 748, EVM System (EVMS), yet fail to control the project due to poorly selected base measures of technical performance and/or lack of objectivity in progress assessment. Performance- Based Earned Value (PBEV) adds a dimension of ‘realism’ to EVM by integrating Systems Engineering (SE), Project Management Standards and CMMI®; specific practices.

This class describes and compares both current and evolving state-of-the-art processes. It demonstrates management benefits stemming from augmentation of EVMS guidelines with the PBEV guide for measuring technical performance and managing risk, and provides a compelling framework for process improvement and acquisition reform.

Application and benefits:

You will benefit by enhancing your understanding of the:

Who should attend:

Realize it or not, we are all managers – impacting a project’ s time, cost and compliance. This class presents unified program management concepts and progress measures invaluable to Engineers who will become familiar with the use of EVM for achieving project cost, schedule, and technical objectives; Business management and project support staff who will expand their understanding of the latest developments in the field as well as how to incorporate the technical baseline and SE onto PMB. Acquisition management personnel (government or prime contractors) will be presented techniques and controls to ensure that EV contract performance reports and estimates at completion are based on valid measures of technical progress, and that Integrated Baseline Reviews (IBR) and other technical reviews are effective and comprehensive.

Course Outline:


Text:

Performance-Based Earned Value® by Paul Solomon and Ralph Young



About the Instructor


Paul Solomon is President of the consulting firm Performance-Based Earned Value® and co-author of the book with the same title, published by IEEE Computer Society/Wiley. He is internationally recognized as an innovator, teacher, and consultant on Earned Value Management (EVM). He has published many articles on EVM, systems engineering, software engineering, and risk management.

He led the use of EVM on Northrop Grumman Corporation's programs including the B-2 Bomber, Global Hawk, and F-35 Joint Strike Fighter. He is a co-author of the EVMS standard and recipient of the DOD David Packard Excellence in Acquisition Award. He was a Visiting Scientist at the Software Engineering Institute.

Paul holds BA and MBA degrees from Dartmouth College.


Details:

 

Course: MRO-251 Duration: 2 Days FEE: $1,299 CEUs: 1.44




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Please direct any additional inquiries regarding our courses to Zygmond Turski, Program Director, by e-mail, FAX: (240) 371-4488 or TELEPHONE: (301) 871-9608.

Call toll free 1-800-683-7267 from anywhere in the Continental U.S. or CANADA.


Last modified June 9, 2010.