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variance analysis Reporting using empower™

This course is designed to help CAMs perform root-cause analysis with the goal of writing a clear, cohesive Variance Analysis Report (VAR). VARs are exception reports that alert program stakeholders to cost and schedule variances, root-cause, impact to the program, and corrective actions to be taken. On many government contracts, VARs are required to be delivered to the customer in the IPMR Format 5, or IMPDAR narrative summary.

Target Audience

Control Account Managers who are responsible for producing Variance Analysis Reports. Others who may participate in the process, including Program Managers, Integrated Product Team (IPT) Leads, Program Controls/EV Analysts, or Program Financial Analysts.

Learning Objectives

Upon successful completion of this course, students will be able to:

  • List and describe the EV metrics used to create the VARs
  • Use Empower™ to access data views used in VARs
  • Understand the sources of variances
  • Perform root-cause analysis
  • Understand what information to include in the VAR
  • Write a VAR that is clear, concise, and coherent
  • Submit, review, and approve VARs in Empower™

Click here for a PDF version of this course description. 
Training & Education
Get more information on our training offerings.

Course Logistics

Duration
1/2 Day (4 Hours)
 
Delivery
In-person, instructor led 
 
Student PC's are required for optional hands-on participation and student exercises.
 
Class Size
Up to 15 students
 
Prerequisites
None

ADDITIONAL TRAINING OFFERINGS

Earned Value Analysis Using Empower™

Earned Value Analysis Using Empower™

This course is an introduction to Earned Value Analysis using Encore Analytics Empower™. It covers how to access the tool and use the various features and functions within to support analysis of program performance.
Introduction to CPM Scheduling

Introduction to CPM Scheduling

This course introduces to the fundamental concepts of the Critical Path Method (CPM) scheduling technique. 
Control Account Scheduling Using Microsoft Project 

Control Account Scheduling Using Microsoft Project 

This course introduces students to building a control account schedule in Microsoft Project or Project Server that will be part of an Integrated Master Schedule (IMS).
Introduction to Earned Value Management (EVM)

Introduction to Earned Value Management (EVM)

During this interactive course, a member of our expert staff will introduce students to the concepts underlying Earned Value Management (EVM).
Principles of Earned Value Management (EVM) 

Principles of Earned Value Management (EVM) 

This course introduces students to the basic components of managing projects using earned value management principles.
The DCMA 14-Point Schedule Assessment

The DCMA 14-Point Schedule Assessment

This course introduces students to the DCMA 14-Point Schedule Analysis metrics, including an explanation of each of the metrics and how they apply to scheduling best practices. 

 
Training & Education

Effective Scheduling Using Microsoft Project

This course introduces students to building and maintaining a project schedule in Microsoft Project that will be part of an Integrated Master Schedule (IMS) that conforms to federal contracting regulations and industry best-practices.

 
The Earned Value Management EIA 748 Validation Process

The Earned Value Management EIA 748 Validation Process

This course answers common questions about how to achieve and maintain validation of an EVM system.

 

 

 
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