INTRODUCTION
The management of technical projects is becoming a challenge to professional engineers in an increasingly competitive marketplace in which effective project planning and control approaches in compliance with clients’ contractual requirements. Successful project managers demand that their projects meet technical objectives and be completed on schedule and within budget. To ensure success, an effective project control system must be designed, developed and implemented to provide management with timely and accurate information on deviations of cost and time parameters from the target objectives established during the planning cycle of the project.
Earned Value Management (EVM) is a project planning and control approach which provides cost and schedule performance measurements. It compares actual accomplishment of scheduled work and associated cost against an integrated schedule and budget plan. Its benefits include visibility into the true progress of the project work against the budget, projections of anticipated project schedule and cost trends and the ability to take timely corrective actions for undesired variances. EVM is considered to be one of the most powerful and productive concepts utilized in managing today’s complex projects in private, commercial or government environments.
PROGRAMME OBJECTIVES
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Obtain knowledge in understanding and using an effective performance management system in managing technical projects effectively
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Manage projects using a proven, effective performance measurement technique
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Work with clients to define project objectives and develop a project plan and put it into action
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Make project decisions concerning scope, cost and schedule parameters faster, more effectively and more confidently
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Stay on top of schedules, budgets, workloads and human resources issues and delegate practically and fairly
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Learn to avoid the pitfalls of project management by quickly identifying potential project risks and mitigate them as early as possible
PROGRAMME SUMMARY
This training session is designed for those who want to learn the principles of EVM used for project performance measurement, a proven method to evaluate project work progress in order to identify early potential schedule slippage and areas of budget overruns. It provides practical coverage of an accurate and realistic reflection of the integrated scope, cost and schedule parameters of a project to assist both contractors and client management in the decision-making process.
PROGRAMME OUTLINE
Introduction to Earned Value Management (EVM)
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Management Criteria versus Engineering Criteria
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Evolution of the Earned Value Management (EVM) Concept
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The Cost/Schedule Control System Criteria (C/SCSC)
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The EVM System Criteria
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Performance Measurement- An Effective EVM Technique
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EVM in Project Management
Scope the Project
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Understanding the Project Work Scope
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Work Breakdown Structure (WBS)
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Make-or-Buy Choice
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WBS and Earned Value
Plan and Schedule the Project
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Understanding the Project Objective
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Planning the Project
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Scheduling the Project
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Scheduling and Earned Value
Estimate and Budget Project Resources to Form Control Account Plans (CAPs)
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Integrating the Project Work Scope with Cost and Schedule
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Earned Value CAPs
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Cost Estimates and Budgets
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Management Reserves
Establish the Earned Value Project Baseline
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Methods Used to Plan and Measure Earned Value
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Control Account Plans (CAPs)
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The Performance Measurement Baseline (PMB)
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Maintaining the Baseline : Managing Changes in Scope
Monitoring Performance Against the Baseline
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CAPs Performance Measurement
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Presentations to Project Management
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Earned Value Cost and Schedule Variances
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Materials and Subcontracts in EVM
Final Cost and Schedule Forecasting
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Determining Factors
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Cost and Schedule Results Methodology
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Management Reserve or Contingency Reserve
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Estimate At Completion (EAC)
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The Over Target Baseline (OTB) Process
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Predicting the Project’s Time Duration
EVM Reporting
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Subcontractors’ Reporting
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Preparing and Interpreting the Integrated Cost/Schedule Report
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The EVM Reporting Formats
About Barcelona
Barcelona, the main city of Catalonia on Spain's east coast, is known for its fantastic weather and proud local culture. It is also Spain's second largest city and has all the cosmopolitan trappings you would expect. Among Barcelona's many attractions are the delicious seafood, stunning architecture and vibrant atmosphere. It began life as a Roman city and has remained important ever since. Today, it is a buzzing city offering more than enough reasons to look for flights to Barcelona. Between UNESCO World Heritage Sites, famous sports teams plus great food, there's no shortage of ways to amuse oneself.
Things to do and places to visit in Barcelona
Barcelona really does have something for everyone. The attractions of Barcelona include beautiful beaches to relax on, almost endless historical locations to explore, all the shops you could ever wish for, one of the world's most admired football clubs and world-class eateries - you may never want to leave. Luckily, with so much to do the city's compactness makes it easy to explore. Simply wandering through the streets is a great way to soak up the atmosphere.
Just some of the great things to do in Barcelona include:
- Marvel at Gaudi's masterwork, the Sagrada Familia.
- Sample the wide range of tapas in Barcelona's bars.
- See the somewhat surreal architecture of Antoni Gaudi.
- Wander through Park Guell, which offers great views over the city and out to sea.
- See the Cubist master’s early work in the Picasso Museum.
- Get lost in the winding streets of the Gothic Quarter, known locally as the Barri Gotic.
- Browse the upmarket shops along the Passeig de Gracia.
- Soak up the tranquil atmosphere in the Cathedral of the Sea.
- Watch the silky skills of FC Barcelona in a game at the Camp Nou.
- Enjoy authentic paella with fresh seafood.
- Climb Montjuic for spectacular views.