Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Project Control Managers and Analysts
• Project Managers and Project Coordinators
• Financial Analysts and Cost Estimators
• PMO Staff and Portfolio Managers
• Individuals responsible for project auditing and governance

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Establish performance measurement baselines for scope, schedule, and cost.
• Master and apply Earned Value Management (EVM) metrics to monitor integrated performance.
• Accurately forecast Estimates at Completion (EAC) and determine project completion dates.
• Implement a robust Change Control Process and manage configuration management.
• Design and utilize effective Project Dashboards and status reports for stakeholders.
• Proactively identify variances, analyze root causes, and recommend corrective actions.

DAY 1

Setting Baselines and Measurement Fundamentals

• Welcome and introduction
• Pre-test
• The importance of Monitoring and Control in project success
• Establishing the scope, schedule, and cost performance baselines
• Defining control accounts, work packages, and the reporting structure
• Data collection and integrity for accurate performance measurement
• Introduction to Variance Analysis and corrective action

DAY 2

Earned Value Management (EVM) Deep Dive

• Review of EVM core concepts: Planned Value (PV), Earned Value (EV), Actual Cost (AC)
• Calculating and interpreting performance indices: CPI (Cost Performance Index) and SPI (Schedule Performance Index)
• EVM variance analysis: CV (Cost Variance) and SV (Schedule Variance)
• Practical exercise: Calculating EVM metrics from project data
• Integrating risk tracking with EVM performance data

DAY 3

Forecasting and Estimate at Completion (EAC)

• Techniques for accurate forecasting of project completion date and cost
• Methods for calculating Estimate at Completion (EAC) based on performance to date
• Calculating Estimate to Complete (ETC) and To Complete Performance Index (TCPI)
• Analyzing trends and identifying the most likely outcome at project completion
• Strategic use of EVM data for management decision-making

DAY 4

Change Control and Quality Monitoring

• Designing and implementing a formal Integrated Change Control process
• Configuration management: Controlling versions of deliverables and documentation
• Quality assurance vs. Quality control: Inspecting, auditing, and validating deliverables
• Monitoring and evaluating risk responses and residual risk
• Managing stakeholder expectations and communication of project status

DAY 5

Reporting, Evaluation, and Lessons Learned

• Designing clear and effective Project Dashboards and status reports
• Performance evaluation techniques and post-implementation review
• Formal project closeout procedures and capturing final performance data
• Developing and documenting organizational process assets and Lessons Learned
• Post-test
• Certificate ceremony