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Applied Earned Value for Federal Government Projects (FPM 213)

Available Modalities:

  • e-Training
  • Public Classroom
  • On Site
  • Virtual Classroom
SHOW CREDIT DETAILS
Delivery Method PDU Total Technical PMP/PgMp Leadership Strategy PMI RMP PMI SP PMI ACP PfMP PMI PBA
Instructor-Led Training 24 24 0 0 0 0 0 0 0
Delivery Method Instructor-Led Training
PDU Total 24
Technical PMP/PgMp 24
Leadership 0
Strategy 0
PMI RMP 0
PMI SP 0
PMI ACP 0
PfMP 0
PMI PBA 0
  • CEUs: 2.4
  • CPEs: 28.5
  • Field of Study: Finance
Synopsis

Applied Earned Value for Federal Government Projects provides information on financially managing a project throughout the life cycle, using earned value management (EVM) and integrated baseline reviews (IBR). The course will describe the life cycle of an appropriation and will satisfy the mid-level business, cost, and financial management competencies and performance outcomes, as defined by the FAC-P/PM policy and competency model. 

The relationship between cost estimates and the project baseline will be presented and participants will learn to calculate EVM to control projects and meet federal agency requirements. By the end of the course, the participant will be able to identify cost-based risks, within the 8-step risk management process. Finally, participants will reinforce the knowledge gained in this course and apply their skills to a series of exercises and case studies.

Learn
  • Manage a project through the life cycle of an appropriation
  • Demonstrate the significance and application of the EVM process, as it relates to government agencies and federal mandates
  • Define cost-based risks and how they affect program and project financial management
  • Describe the purpose and elements of the Integrated Baseline Review (IBR)

This course uses digital materials.

Topics
  • Earned Value Management General Points
    • Earned Value (EV) Management (EVM) Defined
    • Significance of EVM
    • General Facts about EVM
    • EVM in Government Programs/Projects
    • Life Cycle of an Appropriation
    • Life Cycle of an Appropriation: Budget Formation
    • Life Cycle of an Appropriation: Congressional Action
    • Life Cycle of an Appropriation: Budget Execution and Control
    • Life Cycle of an Appropriation: Audit and Review
    • Life Cycle of an Appropriation: Account Closing
    • Key Planning and Budget
    • Legislation
    • Capital Planning and Investment Control (CPIC)
    • How Agencies Use CPIC
    • CPIC Processes
    • CPIC in the Budgeting Life Cycle
    • Government Accountability Office (GAO) Information Technology Investment Management (ITIM)
    • GAO ITIM Framework Levels of Maturity
    • Exhibit 300 Submittal Cycle
  • Business and Financial Management
    • Program and Project Costs
    • Direct vs. Indirect Costs
    • Direct Cost: Labor
    • Direct Cost: Materials and Subcontracts
    • Direct Cost: Overhead
    • Other Costs: Direct and Indirect
    • Indirect Cost: Facilities and Equipment
    • Indirect Cost: General and Administrative
    • Types of Costs
    • Control Account Costs
    • Financial Management Techniques
    • Present Value – Time Value of Money
    • Exercise 2-1: Net Present Value
    • Net Present Value (NPV)
    • Cost Benefit Analysis (CBA)
    • Internal Rate of Return (IRR)
    • Risk Management in Business Financial Management
    • Prioritized Risk Register with Complete Analysis (Sample)
  • Cost Estimating
    • Cost Estimating Process
    • Cost Estimating in a Project Management Context
    • Types/Descriptions of Estimates
    • Cost Estimating Process Steps
    • Establish Ground Rules and Assumptions
    • Collect the Data
    • Select Estimating Methodology
    • Perform the Estimate
    • Document, Review, and Report the Estimate
    • Cost Estimating Process
    • Cost Estimating Techniques
    • Estimating by Analogy
    • Parametric Cost Estimating
    • Parametric Cost Estimating Examples
    • Regression Analysis
    • Learning Curve (Experience Curve)
    • Program Evaluation and Review Technique (PERT)
    • Top-Down Method
    • Bottom-Up Method
    • Cost Factors
    • The Detailed Estimate
    • Risk Management in Cost Estimation
    • A Range of Estimates
    • A Cost Probability Distribution Function (PDF)
    • The Total Cost PDF
    • Cost Budgeting
    • Budget Model
    • Budget Allocation Model
  • Implementing Earned Value Management
    • EVM Process Nomenclature
    • Earned Value (EV)
    • Performance Measurement Baseline (PMB)
    • Project Gannt Chart
    • How We Are Doing
    • How We Are REALLY Doing
    • Traditional Measurement
    • EV Measurement
    • The Program Plan
    • The Time-Phased Budget Plan
    • Current Status Using Traditional Measurement
    • Cost Status Imposed on the Plan
    • Current Status Using EVM
    • Performance Status Imposed on the Plan
    • EV Techniques: Part I
    • Zero-One Hundred EV Technique
    • Percent Start/Percent Finish EV Technique
    • Percent Complete EV Technique
    • Weighted Milestones EV Technique
    • EV Techniques: Part II
    • Weighted Milestones with Percent Complete EV Technique
    • Units Completed EV Technique
    • Apportioned Effort EV Technique
    • Level of Effort (LOE) EV Technique
    • Performance Measurement Baseline (PMB)
    • Cost Realism in Baselines
    • Front Loading of Baselines
    • Incremental Project Funding in Baselines
    • Program Funding vs. Performance Budgeting
    • Realistic Program Targets
    • Evaluating Baselines
    • EV Analyses
    • Schedule Performance Index (SPI)
    • Interpreting a Stable SPI Chart
    • Interpreting an Unstable SPI Chart
    • Cost Performance Index (CPI)
    • Interpreting a Stable CPI Chart
    • Interpreting an Unstable CPI Chart
    • Estimating with a Baseline Achievement Graph
    • Estimate at Completion (EAC)
    • Standard EVM EAC Equation
    • Performance Factors Used in EAC
    • The EAC Range
    • To-Complete Performance Index (TCPI)
    • Interpreting a TCPI Chart
  • Integrated Baseline Review
    • Overview of Integrated Baseline Review (IBR)
    • IBR Benefits
    • IBR Timing
    • IBR Schedule of Events
    • IBR Preparation
    • IBR Team Members
    • IBR and EVM
    • IBR Guideline Sources