Deltek Cobra Fundamentals Training|
Project Cost and Earned Value Management
Note:
The participants must have access to a computer with the Deltek Cobra installed but for effective online training, it is recommended that participants have access to
- One computer with 2 screens OR
- 2 separate computers, or a computer + a tablet. One will be used to view the shared instructor screens. and the second use to work with the software.
- one computer with 1 screen works too
Deltek Cobra is A flexible and powerful EVM solution to help organizations to manage costs, establish compliance controls, measure earned value, predict performance and achieve project success. With Deltek Cobra. you’ll be able to easily integrate cost and schedule, establish cost controls, measure performance and forecast outcomes to help projects succeed. With accurate and compliant EVM reporting across all program phases, your team can spend more time proactively managing project costs and resources.
During the Deltek Cobra Training course, you will learn the fundamentals of Deltek Cobra. Delegates will learn the functionality and capabilities of the software and its use for Earned Value Management Reporting. Classes are facilitated by an experienced Project Control Professional who has a wealth of practical experience in operating the software. This two-day fundamentals course will gets you started with Deltek Cobra fast. Learn how to stand up and manage an earned value program from beginning to end. Deltek Cobra Training is essential for anyone starting out.
Learning Objectives:
- Develop and understanding of Cobra navigation
- Become familiar with WBS, OBS, Calendars and code structures
- Understand how to to set up and calculate rates and resources
- Be able to load up the master schedule into Cobra
- Understand how to process a monthly cycle
- Load actuals into Cobra
- Calculate Earned Value Management and forecast data
- Understand how to run reports
Who Should Attend This Class:
- New Cobra system administrators
- Team members responsible for earned value management reporting
- People who have previous Cobra experience in a prior version who would like an introduction to the features in the current version
Prerequisites: None
Deltek Cobra Fundamentals Training Course – Topics:
Introduction
- Introduction to Deltek Cobra
Navigating Cobra
- Cobra’s architecture
- Navigating Cobra’s interface
- Controlling and formatting the data columns in table windows
- Opening projects and other data tabs
Setting Up a new Program
- Creating the work breakdown structure (WBS) in an ancillary code file
- Loading a WBS from a CSV formatted file
- How to define and apply thresholds
- Create the OBS
- Creating a fiscal calendar
Rates and Resources
- Creating a rate table
- Loading rates from a CSV file
- Defining Full Time Equivalent rates
- Creating a resource calculation file
- Loading resources and calculations from a CSV file
Building the Cobra Project
- The purpose of creating a shell project
- Building a new shell project in Cobra
- Creating a backup of the shell project
Adding Control Accounts
- Activities and their attributes
- Activity types and their importance in building a schedule
- Creating new activities
- Creating and assigning activity codes
Microsoft Project/ Primavera P6 Integration
- Creating mapping fields in the schedule for Cobra integration
- Setting a baseline in the IMS
- Methods for saving the IMS to an XML project file
- Loading the IMS using the integration wizard
- Running a Control Account Plan (CAP) report
- Starting the Cobra audit log to baseline the project
- Entering contract information
Managing the Forecast
- The general concept of Cobra forecasting
- The types of forecasts available in Cobra
- Forecast classes
- Adding new forecast classes
- Initializing a forecast
- Verifying your new forecast class data
Monthly Updates
- Updating the IMS to get ready for the monthly update process (Microsoft Project and/or P6)
- Backing up the current Cobra program
- Advancing the calendar
- Loading and updating work package status from Microsoft Project and/or P6)
- Understanding when the system is ready for earned value calculations
- Calculating earned value
Loading Actual Costs
- Types of actual costs that can be loaded into Cobra
- Loading actual cost data from a CSV file
- Calculating forecast after actual costs are loaded
- How and when to update/modify Calendar Set 19 for CPR Format 4 reports
- Cost sets and how they are used for reporting and displaying data
Reporting
- The standard reports that ship with Cobra
- Running CPR reports
- Working with Filters
- Time-phased Reporting
- Creating a custom Calendar Set for time-phased reporting
- Using the Analyze feature to drill down and explore your data
- Configuring a new batch report
- Exporting the program to a wInsight XML formatted file
Optional Exercise and Update Process Cheat Sheet
- Exercise to practice running the periodic EVM cycle
- Cheat sheet to help you learn and use the steps for a reporting cycle update
About Deltek Cobra :
Deltek Cobra is known for being quite effective as an Earned Value Management tool. Deltek Cobra is used for managing project costs, measuring performance and analyzing budgets, actuals and forecasts. It helps in:
- Provide oversight by tightly controlling project costs and resources to improve project success and profitability
- Unlimited rate scenarios and top-down planning allow what-if analysis and modeling cost impacts
- Easily produce detailed and summary reports and support project audits
- Leverage predictive analytics based on historical cost and schedule variance data to understand possible outcomes
- Reduce project risk by forecasting project duration, cost overruns, project budgeting and resource needs
- Produce what-if scenarios, including impacts of rate changes on overall project cost
Contact Us:
To learn more about our Deltek Cobra training courses & classes, please contact us:
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