i) Explain the project management control technique called earned value analysis and illustrate the fundamental concepts. Justify your answer.
ii) Determine the progress and control status of the project below which has been running for 10 weeks, using the technique you explained in part i)
|
Activity
|
A
|
B
|
C
|
D
|
E
|
F
|
|
Planned cost
|
4
|
2
|
1
|
1
|
0
|
0
|
|
Earned value
|
2
|
2
|
0
|
3
|
3
|
0
|
|
Actual cost
|
2
|
2
|
2
|
2
|
2
|
0
|