Learning Outcomes:
- Understand basic Cost Management and Earned Value Concepts
- Integrate information from schedule and financial systems for a unified view of status
- Model project costs for a complete view of project performance
- Create Project Reports and Graphics for more effective understanding and communication of earned value information
Audience: Project Cost Analysts, Project Control Engineers, and Project Managers - people with a responsibility for measuring and communicating the financial performance of projects.
Prerequisite: None
Course Length: 3 days
Cost per person: $1,150.00
Cost 2-5 (each): $995.00
Cost 6-9 (each): $945.00
Cost 10-12 (each): $895.00
Currency: USD
At the completion of this course, the student will be able to:
- Effectively use the Cost Management module to leverage their Primavera scheduling system into a complete earned value management system.
Day One:
- Cost Management Concepts
- Reporting Requirements
- Data Integration
- Database Connection
- Introduction to the Cost Management module
- Discuss Performing Organizations
- Create Organizations
- Establish Fiscal Calendar
- Discuss Rate Structures
- Create Data Views
- Create New Element Type
- Create New Burden Type
- Manually Create New Labor Resource and Burdens
- Manually Add Rate Values to Resources and Burdens
Day Two:
- Discuss Escalation & Burden Templates
- Create Escalation Profiles
- Create Burden Templates
- Create New Rate Table
- Assign Overhead Objects to Organizations
- Practice Unit
- Discuss an EPS
- Create Projects
- Create Bases
- Manually Create Work Breakdown Structure
- Primavera Database Connection
- Review Project Structure Data
- Import Structure and Schedule
- Create Budget View
- Manually Assign Resources to Tasks
- Review Project Budget Data
- Import Budget Amounts & Establishing Baseline and Forecast Bases
Day Three:
- Discuss Actual Costs
- Manually Adding Charge Codes
- Importing Charge Codes from MS Excel
- Importing Actual Costs
- Discuss Performance
- Creating Performance View
- Setting Earned Value Techniques
- Importing Earned Value Techniques from MS Excel
- Review Status in Primavera files
- Entering/Importing Status and Calculating Earned Value
- Sample Project Reports and Graphics
- OLAP View
- Practice Unit