Earned Value Program Benefits Management: Ensuring that Your Program will Deliver Value for Money

PDUs

CEUs

1.4

LEVEL

Advanced

LENGTH

2 Days

PMI Member Early Registration

€1095

PMI Member
Learn More

€1225

Non-Member Early Registration

€1140

Non-Member

€1440

Note: Pricing may vary based on country

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Seminar Description

Topics:

Sub-Topics:

Most companies make a profit on small projects and lose a fortune on large programs. This is a widespread problem but is not inevitable. In general people do start correctly by defining the desired result in terms of beneficial strategic changes. Politics and wishful thinking then take over to inflate the value of the benefits while playing down the costs and risks of the solution. This course uses a detailed case study that the participants work through step by step, It provides the concepts and tools to ensure the creation of a profitable, honest and verifiable business model. It also explains how to ensure that the inevitable changes during the program lifetime are incorporated effectively. It uses the same business model for progress tracking by applying the unique concept of Earned Benefit. The concepts are explained and translated into algorithms. Case studies provide hands-on practice with the theory and the tools


What You Will Learn

Note re: Bloom's taxonomy: in the following objectives, K = Knowledge, C = Comprehension, Ap = Application, An = Analysis, S = Synthesis, E = Evaluation
  • C: Explain how to differentiate between projects, programs and portfolios and understand the contrasting mind-sets required to manage each of these domains effectively
  • K: Define the business objectives of a program or portfolio in measurable terms
  • K: Define the basic concepts of the creation and use of a “results chain” for strategic benefits analysis, planning and tracking
  • Ap: Produce an unbiased business case developed by estimating the business value independently from the implementation costs, prior to integrating them both into a consistent and objective solution framework
  • S: Create an interdependency network of all of the intermediate outcomes and results to achieve the global objectives (a Benefits Realization Map – BRM)
  • Ap: Choose the components (projects or programs) required to create the intermediate results and outcomes of the BRM
  • S: Construct the network of interdependencies, synergies and side-effects so as to create a comprehensive results chain
  • Ap: Apply the concepts to add realistic figures into the results chain, based on two independent sets of data
  • Ap: Develop an algorithm to calculate the contribution (value) and allocation (cost) of all of the elements of the results chain
  • E: Apply the concepts to review the overall business case and develop the business case for each component of the results chain
  • An: Analyze scenarios involving cancelling various components
  • An: Analyze the components and their interactions to identify major potential causes of risks with respect to the program’s objectives
  • Ap: Develop a progress and performance tracking model (the Earned Benefit method) based on the defined business objectives.
  • E: Apply the Earned Benefit formulae to identify the need for action.
  • C: Be able to demonstrate to senior management and to project managers the value and viability of what is planned as well as execution progress and the potential impacts of change

PDU Allocation Table

The table below displays the number of professional development units (PDUs) awarded for each PMI® credential, as they align to the PMI Talent Triangle®. Leadership and Strategic PDUs apply evenly across all credentials and Technical PDUs apply only to specific credentials. PDUs will be added in full to all eligible credentials.

Download PMI Talent Triangle® Information

  •  
  • Technical
  • Leadership
  • Strategic
  • Total
  • PMP®/PgMP®
  • 4.00
  • 2.00
  • 8.00
  • 14.00
  • PMI-ACP®
  • 0.00
  • 2.00
  • 8.00
  • 10.00
  • PMI-SP®
  • 0.00
  • 2.00
  • 8.00
  • 10.00
  • PMI-RMP®
  • 0.00
  • 2.00
  • 8.00
  • 10.00
  • PfMP®
  • 0.00
  • 2.00
  • 8.00
  • 10.00
  • PMI-PBA®
  • 4.00
  • 2.00
  • 8.00
  • 14.00
  •  
  • Talent Triangle Blue
  • Talent Triangle Green
  • Talent Triangle Purple
  • Complete Talent Triangle

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