variance analysis using empower™

This course is designed to help CAMs analyze and understand earned value performance metrics with a goal of writing a clear, cohesive Variance Analysis Report (VAR). VARs are exception reports that alert program stakeholders to cost and schedule variances that exceed predetermined thresholds. On many government contracts, VARs are required to be delivered to the customer in the Integrated Program Management Report (IPMR) Format 5.

During the training, our instructor takes the time to learn about your organization to provide relevant examples of ways to use the concepts in your daily work environment. 

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 have a thorough understanding of:

  • List the inputs that result in Earned Value (EV) metrics
  • List and describe the EV metrics used to create the VARs
  • Use Empower™ to access data views used in VARs
  • Understand what should be included within a VAR
  • Write a VAR that is clear, concise, and coherent
  • Submit, review, and approve variance analyses

Click here for the PDF version of this course description. 

Training & Education
Get more information on our training offerings.

 

Course Logistics

Duration
2-4 Hours
 
Delivery
In person, instructor lead or via video conference 
 
Student PC's are required for optional hands-on participation and student exercises.
 
Class Size
Up to 15 students
 
Prerequisites
None

ADDITIONAL TRAINING OFFERINGS

Training & Education

Introduction to CPM Scheduling

This 2 day course introduces to the fundamental concepts of the Critical Path Method (CPM) scheduling technique. 

Training & Education

The Earned Value Management EIA 748 Validation Process

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

Training & Education

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

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).

Training & Education

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.

Training & Education

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).