Variance Analysis Reporting Using Empower™

Overview

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.

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 wInsight™ 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 class.