Knowing the key policies, regulations and guidelines that govern a performance management system, as well as how to apply performance management processes and techniques, has never been more important. The Office of Management and Budget (OMB) has mandated that all acquisition and project professionals and all major systems contractors use EVM processes in order to improve performance monitoring, measurement and analysis.  More recently, OMB has put the spotlight on major agency IT investments, requiring agencies to submit their EVM to the federal IT dashboard and use it as the basis for TechStat sessions with the federal CIO.  The same scrutiny will soon be applied to non-major, non-IT investments.  Applied Earned Value Management for Federal Government Projects will give you the skills you need not only to provide better oversight but also insight to the performance of programs and projects. 

Senior-level participants begin the course with a review of total life cycle systems management and explore with their colleagues how their department/agency works within a typical life cycle. Students use various cost estimating processes, methods and techniques which they apply to a case study that compares cost methods. Since the Office of Management and Budget (OMB) requires use of EVM on contracts greater than agency-specific limits, participants will review these federal government requirements, and complete a case study that allows participants to practice applying EVM methodologies to contract management. The course concludes with agency-specific discussions on allocation of funds, agency instructions for financial planning, programming and budget development, as well as budget execution. Participants will discuss agency implementation instructions for OMB-A11.

• Agency Program Financial Management
• Agency planning and budget process
• Program life cycle management
• Business and Financial Management
• Financial management process
• Financial management techniques
• Risk management in financial management
• Cost Estimating
• Estimating process
• Estimating techniques
• Assessing relationships
• Risk management in cost estimation
• Earned Value Management
• Performance management process
• Performance management techniques
• Assessing relationships
• Risk management in performance management