PRM616 Earned Value Management for Project Managers (3 cr.)

This course examines earned value management (EVM) required for essential and proactive financial decision making by the project manager. This course uses case studies, scenario-based learning, and hands-on learning to enable a practical understanding. This course covers key terminologies in the project management context as well as efficient execution processes. Topics include the PMI defined project management knowledge areas, project life cycles, and implementation within varying organizational designs both local and global.

Upon completion of this course, students are expected to be able to do the following:

1. Assess projects utilizing earned value management strategies to manage and report project status.
2. Interpret and diagram earned value (EV) data to manage technical, cost, and schedule performance of projects.
3. Evaluate the breakdown of the project work scope into finite pieces to be assigned to team members and assess accomplishments at the work performed level.
4. Integrate the project work scope, schedule, and cost objectives into a performance measurement baseline plan.
5. Explain significant variances between actual costs/earned value and planned costs and value to executive audiences.
6. Demonstrate analysis of significant variances from the plan, forecast impacts, and prepare an estimate at completion based on performance to date and work to be performed.