Project management is a complex and multi-faceted field that requires a great deal of attention to detail. One of the most important aspects of project management is being able to accurately assess the status and health of a project at any given time. This is where visual representations come in.
Visual Aids
One of the most effective ways to evaluate the status of a project is through the use of charts and graphs. These visual aids allow top management to quickly and easily assess whether a project is getting better or worse, and whether the estimated completion costs (EACs) are achievable.
Raising Questions
In the case of the chart shown in the video, the cost line is trending downwards, which is a cause for concern. This raises the question of whether this negative trend can be reversed to meet even the most pessimistic EAC set by the customer’s program manager.
Management and Customers
While the chart shown in the video is from a program that was ultimately canceled, it serves as an important reminder of the crucial role that visual representations play in project management. These types of charts and graphs are commonly used in briefs presented to top management and customers, as they provide a clear and concise snapshot of the project’s status.
More EVMS Training
Take your EVMS training to the next level with our online course that is based on Humphreys & Associates’ highly regarded three-day EVMS workshop. We also offer a version of this same EVM training course customized for Department Of Defense (DOD) specific EVM requirements, as well as one designed specifically toward NASA’s EVM requirements!
— Purchase the DOD Course —
EVMS DOD Virtual Learning Lab
— Purchase the DOE Version of this Course —
EVMS DOE Virtual Learning Lab
— Purchase the NASA Version of this Course —
EVMS NASA Virtual Learning Lab
EVMS Document Matrix
Not sure what the different requirements are between the DOE and NASA? Can’t remember if Cost and Software Data Reporting (CSDR) is required for an NSA contract? Check out our easy to read Earned Value Management Systems Document Matrix
All Online Courses
EVM (Earned Value Management) is a comprehensive approach to project management that covers all aspects of a project, from start to finish. Humphreys and Associates offers EVM courses that will provide you with the necessary skills and knowledge to manage EVM projects of all sizes effectively.
Our EVM courses are suitable for both beginners and professionals who want to improve their skills. We offer a range of course options, including online self-paced and live virtual instructor-led courses, to accommodate different schedules and learning styles. Our instructors are seasoned EVM professionals who will guide you through the process, from setting up your EVM system to closing out your project.
At Humphreys and Associates, you can trust in the quality of our EVM training. Our online EVM courses are budget-friendly and flexible, allowing you to obtain the education you need without any stress. Plus, our courses are designed to be completed in a short time, so you can quickly gain the knowledge you need.
Enroll in our EVM courses today and start enhancing your project management skills.
All Online Courses Available from Humphreys & Associates
Upcoming Public EVMS Workshops
EVM training sessions are offered throughout the year by H&A. EVMS, advanced Earned Value Management techniques, and project scheduling are all covered during these frequent public EVM workshops. These earned value education courses are ideal for anybody wanting to increase their understanding of or application of EVMS or scheduling. Our training programs are suited for individuals with various degrees.
Public EVMS Workshops are offered either in person or online. View our Upcoming EVM Workshop Schedule to find one that best suits your schedule and location.