In this course, we will deal with questions such as:
- why does your ability to influence project costs is higher in the early project stages and rapidly diminishing as the project nears completion?
- why scope changes can be “excusable” (enhancements and rebaselining the budget) OR “inexcusable” (oversights/cost overruns)?
With train you on how to:
- set baselines during the planning phase, and use earned value as a management tool during the execution and control phases,
- use Earned Value, Planned Value, and Actual Cost to give an accurate picture of how the project is doing in terms of the schedule and budget and compile meaningful progress reports,
- apply Earned Value principles: SV (Schedule Variance), CV (Cost Variance), SPI (Schedule Performance Index), CPI (Cost Performance Index) in the context of overruns and schedule delays,
- integrate Earned Value into project management software like Microsoft Project and Primavera P6.
