Project monitoring and control is an important part of the project execution process. The project manager should monitor project progress and report project performance to the stakeholders in a timely fashion. Any issues and variances should be reviewed, and if the variance has the potential to cause a severe negative impact on the project schedule, budget, or resources, it should be addressed immediately. Using the internet, research Earned Value Analysis (EVA) and its uses. Review the impact of EVA on the project management process, and share your opinion with the class.
Have you ever used EVA on any of your projects? Please share your experiences with the class.
What have you learned from your research/use of the Earned Value Analysis in the project monitoring and control process?