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Project Monitoring, Controlling and Earned Value Management

The key to a successful project is understanding the current status and minimising nasty surprises that often lead to failure. How can you know if a project is on the path to success if you don’t have any tools in place to benchmark? It goes without saying that ‘what’ you do in your project role is important, but ‘how’ you do it is absolutely critical. If a project falls to meet planned targets, the project leader has a responsibility to maintain a tight focus on tasks that add to the value of a project, as well as establishing a framework for keeping team members and other stakeholders aligned with project objectives. You’ll learn how to use Earned Value Management, a highly effective project control system using measurement tools like breakdown structures, network diagrams, budgets, and Gantt charts to ensure that things are on track. The ability to report on progress and project status will greatly impact your reputation as a useful member of the project team, whether as a member or a leader.

Turning 'Theory' into 'Practice'?

This course focuses on monitoring and internal/external evaluations and shows how these processes are used to measure project results. We will introduce you to several powerful performance metrics and analytical tools that can help you determine whether project goals and objectives are being met. While the emphasis of the course is on monitoring and internal evaluation, it also provides guidance on how field teams can contribute to external evaluations. The seminar is designed to be taught in an engaging and interactive manner with syndicate and personal exercises, facilitation of group discussions, and discussions of real life examples. As it’s a project management course, we primarily use one main case-study but will back that up with multiple exercises in Earned Value Management based on other projects.

Who should attend?

This course is designed for Managing directors, CEOs, VPs, Project directors/managers,Heads of project teams,Project controllers,,Project Risk Managers,Project stakeholder managers, Project specialists,Product managers. This course is intended for project professional, team leaders and team members who are engaged in project work from simple to complex. Because of the universality of the principles and techniques covered, the seminar will be of value to anyone managing or involved in projects regardless of professional background or industry they operate within.
This course is anticipated to be approved for approximately 15 Professional Development Units (PDUs) from the Project Management Institute (PMIฎ) and Association for Project Management (APM).

Key areas to be covered in the programme and documentation

Project Management Measurements
• Benefits of Project Management
• Challenges of Project Management
• Avoiding project failure
Exercise: Identifying causes for project failure and the need for measurement tools

Developing your Project Plan Using a Robust Planning Process Stage I
• Understand the need for project plans
• Capturing project requirements
• Develop Project Breakdown Structure (PBS) and Work Breakdown Structure (WBS)
Exercise: Construct a WBS based on the case-study
Case-Study: Developing a technical tool as a one-stop solution for marketing, ticket sales and events organisation

Developing your Project Plan Using a Robust Planning Process Stage II
• Developing Precedence Network Diagrams
• Understand the difference between Leads and Lags and when they are required
• Transferring Network information to Gantt Charts
• Constructing an S-Curve to identify the project baseline in terms of duration and budget at completion
Exercise: Constructing a Network Diagram based on the case study.Using the diagram to complete a Gantt Chart Create the project baseline by constructing an S-Curve

The Need to Monitor and Control
• Stakeholder management – the first stage of risk assessment
• Monitoring and Tracking to ensure you are delivering to plan – data information
• Managing the tensions when we have variances
Exercise: Carrying out a Stakeholder Analysis and identifying and positioning on a Stakeholder Matrix

Project Monitoring & Controlling
• Monitor and Control project schedule and budget
• Earned Value Management in projects – what does it mean to you?
Exercise: Identify methods for monitoring and controlling projects in relation to schedules and cash flow
Case-Study: Developing a technical tool as a one-stop solution for marketing, ticket sales and events organisation

Earned Value Management
• How does Earned Value work?
• Using Earned Value Management in projects – where to get the information from?
• Validating the information – methods to use to improve data from different sources
Exercise: Applying the validating methods

Earned Value Management in the Projects
• Applying Earned Value Management
• Forecasting based on findings
Exercise: Calculating EV, SPI, CPI, EAC, ETC, TV, OD from various sources and source types

How Earned Value Assists in Risk & Change Management
• Risk management – ensuring you reduce negative impact
• The need for Change management
• Communicating the need for change
Exercise: Identifying & mitigating risks to the project through Earned Value information. Designing a Change Management Process-Diagram

Benefits to you

• Identifying and analysing project risk against the plan
• Identifying variances and understanding how and when to take action
• Capturing relevant project performance to determine project health
• Measuring performance using earned value techniques
• Learning how to keep the team focused on the delivery goal
• Applying Earned Value Management to support project delivery
• Increasing project manager and team’s personal effectiveness
• Mastering project measurement & response capabilities
• Dealing with project schedule and budget conflicts

Companies already benefiting include:

Duration of Course

2 Day Course

Course details

12th & 13th October 2017, London, UK, PT3582

Looking to train larger teams in this subject?

dzingim@marcusevansuk.comTailored in-house/in-company training courses and bespoke strategy workshops designed and delivered on-site throughout Europe according to your specific requirements.

All management, personal development and project management public courses featured in our Course Directory are also delivered on an In-Company basis.

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