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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 1960ÃÂs 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 organizationÃÂs 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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