Earned Value Management System
(EVMS) Variance Training
Training Course Outline
Duration: 1-day
Target Audience: Control Account Managers, Program Managers, EV Analysts
Purpose and Description
Accurate and timely variance reporting is a critical part of any EVMS. Done right, variance reporting
protects both the project and all the stakeholders from surprises and miscommunication. While it can
sometimes be less than a popular activity, the variance reporting process can be made a lot easier for
everyone if it is well understood and well executed. For the government, good, candid communication
about project status is really what an EVMS is all about. Variance reports are a major part of that
communication.
This course will teach attendees best practices in variance reporting that will carry the business and
the project forward with strong collaboration among the control account managers, project managers
and the customer.
Course Outline
• What Determines a Control Account?
• What are Key Elements of a Control Account?
• Variances to be Considered
• Planned Value (PV), Earned Value (EV) and Actual Costs (AC) Examples
• EVMS Tools to Use
• Sources of Variances
• Performance Metrics
• Estimate at Complete Sources
• Statistical Estimate at Complete Tools
• Variance Analysis Thresholds
• Key Elements of the Variance Analysis Report and Their Checklists
o Cause
o Effect
o Impact
o Corrective Actions
• Examples of Good and Bad Variance Explanations
• The Variance Correction Action Log
To learn more about this class, please contact Ten Six Consulting (703) 910-2600 or email us at
training@tensixconsulting.com