Problem:
List and describe the three values calculated for an activity in earned value management. Give examples of each. Please give an example of each to support your write up.
Include at least one reference and cite it on the last page in APA format.
List and describe the three values calculated for an activity in earned value management. Give examples of each. Please give an example of each to support your write up.
Include at least one reference and cite it on the last page in APA format.
The Earned Value Management consists of following three values:-
1) Earned Value;
2) Planned Value; and
3) Actual Cost.
The Earned, Planned Value and Actual Cost are an aspect of EVM used to appraise the schedule and cost performance right through the project. The monitoring of the projects progress entails assessing whether you are on, ahead of or behind the schedule envisaged and further that it is as per the budgeted estimates, or under or in excess of it.