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Advanced Project Management Concepts

Public Price: $750.00
GSA Price: $680.06

Length: 2 day(s)

Earned Value Analysis
Historical project tracking methods monitor what has happened in the past. This is equivalent to driving a car while looking backwards! Effective Project Managers, use the past to predict the future and propose Gap-closing solutions before the project gets out of control. While EVA has existed since the 1960’s on military projects (C/SCSC) the concepts are being adapted to a variety of industries. This module describes the EVA concepts, terminology, calculations and graphical processes that can be used effectively in less-rigorous projects. The goals of Earned Value Analysis are to quantitatively measure actual achievements against a detailed performance plan and to be able to reliably predict the final costs and schedule for the project..
Risk Management
In our rapidly changing business environment, the unpredictable has become the expected. Too many projects fail when high-risk factors cannot be identified and controlled early in the project life-cycle. This module describes methods for the identification, prioritization, assessment, monitoring, reporting and control of risk throughout the project. The goals of risk management are to identify project risks and develop strategies which either significantly reduce them or take steps to avoid them altogether.

Prerequisites:

This workshop is targeted for project, program, technical, managers and others involved with tracking and monitoring projects. It is also useful for those who need to support Project Managers in the use of EVA techniques. This workshop is also for those involved with the assessment and management of risks in their projects.

Topics Covered Include:

  • Understand the Who, What and Why of Earned Value
  • Understand the Earned Value Analysis Terminology and Process
  • Determine the appropriate Data Sources for EVA tracking and reporting
  • Measure Earned Value
  • Determine their organization’s ability to use EVA tracking (prerequisites)
  • Identify and describe the essential processes of risk management
  • Define the methods to identify and categorize risk and to assess the significance of these risks to the project
  • Determine methods for prioritizing risks: Risk Weighting, Risk Registers, Risk Matrix, Decision Trees
  • Determine the appropriate response in order to either reduce or mitigate the risk
  • Plan for Contingencies
  • Document and manage risks throughout a project.
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