Earned-Value Project Management 
Advanced topics in project execution and control

A 2-day, 14 PDU (1.4 CEU) instructor-led program This program for the advanced project manager reviews the earned-value basics before describing The PMOBK® Guide approach to earned value. Among the ideas explored are the Cost Performance Index (CPI) and the Schedule Performance Index (SPI). You'll learn a unique formula for computing the "atypical" SPI developed by John M. Nevison of Project Solutions. The cost Estimate at Completion (EAC) and the projected schedule are explained, together with the cost Estimate to Complete (ETC) and the Schedule to Complete.   You'll experiment with the "Magic Table," a spreadsheet that lets you apply earned-value ideas to extremely small projects. In hands-on workshops during the program, you will practice the many earned-value calculations with worked examples, then with your own projects. The program also explores several other advanced topics. First is an explanation of the staffing shortfall that can often be anticipated and avoided from data derived from the earned-value figures. Further advanced topics include: the Staffing to Schedule Index (StSI), the Remaining Work Index (RWI), and the Re-baselined Staff Index (RbSI), all developed in the early 2000s by Nevison. Additional hands-on workshops provide practice on re-baselining a project with worked examples, then with your own projects. The program explains four different methods to predict a project's schedule using the handy Critical Path Calendar Line. A detailed example of the possible error inherent in each of these methods concludes this section. Finally, the exciting game of Herding Cats® provides an experiential learning tool to test and apply your understanding of earned-value project management in a risk-free yet realistic environment. During the simulation, you will monitor the actual progress of your project, compare it to your plan, and take corrective action when necessary. You will apply "earned value" ideas and see for yourself how they can help you guide your project. Upon completion, you will be able to: ·      Define the fundamentals of earned value analysis. ·      Caculate and apply the elementary ratios of CPI and SPI under three different sets of assumptions. ·      Interpret what the EACs for cost and schedule mean. ·      Flexibly re-plan a project with appropriate staffing adjustments. ·      Understand where and when to use different methods to forecast the project's schedule. ·      Re-baseline a project while staying consistent with the "to-date" earned-value information. Who will benefit? ·      Program managers who coordinate several projects using earned-valued ·      Project managers who manage a project's progress using earned value ·      Project leaders who help teams make decisions using earned value ·      Team leaders who work to establish team consensus ·      Project team members who provide timely data on task performance ·      Senior executives who want to see how earned value can improve the project portfolio Agenda Day 1 ·      Introduction to earned value ·      A review of earned-value fundamentals ·      Planned value, actual costs, earned value ·      Cost Performance Index (CPI) and Schedule Performance Index (SPI)  ·       A review of The PMBOK® Guide, 3rd Edition's approach to earned value ·      Estimates to Complete (ETC) and Estimates at Completion (EAC)  ·       A way to compute the atypical schedule Estimate at Compete ·      Staffing diagrams and earned-value charts ·      Introduction to Herding Cats® ·      Herding Cats® part one Day 2 ·      Nevison's Remaining Work Index (RWI) and the Staffing-to-Schedule Index (StSI) ·      Re-baselining the project . Nevison's Re-baselined Staffing Index (RbSI) ·      Four ways to forecast a project's schedule ·      Error behavior and earned-value ratios ·      Herding Cats® conclusion ·      Herding Cats® debrief ·      Review of earned value in Herding Cats® ·      Earned value back at work ·      Closing   Contact us early to be sure to get the training dates you need.