Pelcon E-Learning Packages  

We received two e-learning packages from Pelcon for project

risk management and earned value management. These are meant to help

organizations and project managers manage their projects better. The Project

Risk Management (PRM) software is all about understanding and managing project

risks. It's meant to help managers understand the concepts of risk and how to

handle them for any process. An organization could face heavy losses if it takes

risks without proper planning. But, with calculated and proper management,

losses could actually be converted into profits. The course on Earned Value

Management (EVM) teaches the benefits and purpose of the same. It's meant to

help judge the performance of projects and tasks accurately. EVM is defined as a

systematic approach to integrating and measuring cost, schedules, and technical

accomplishments on a project or task. This course provides both buyers and

sellers the ability to examine detailed schedule information, technical

milestones, critical programs and cost data. The benefits of the EVM approach

are that, in addition to giving information about the time and money spent on

the entire project, it also estimates the work accomplished for the funds

expended.

Earned value management: Making you understand the EVM concept by taking a typical board room scenario		Project risk management: An example explaining the risks for a project, such as business center development

The content in both softwares has been made easy to

understand. The course on PRM uses several case studies along with audio/visual

inputs. It has been divided into modules, with an exercise and summary at the

end of each. The various modules cover concepts of risk management planning,

risk management and assessment techniques, risk response planning and risk

monitoring and control. The course also takes help from Project Management Body

of Knowledge (PMBOK) and Project Risk Analysis and Management (PRAM) techniques.

The EVM course is taught using a typical case study of an

automobile company with dipping sales volumes. This is also divided into

different modules, which cover EVM concepts and methods, Work Breakdown

Structure (WBS), plan and schedule of the project, project resource estimates

and budget, performance monitoring and reports. The software displays the

relevant text, along with the voice and visuals. The concept of EVM can be

implemented even into the IT field for determining the present status of the

project, as to whether it's running over or under budget and schedule.

Bottom line: These

courses could be taken by all project managers in any organization to help them

and their team perform better.

Anubhav Verma