concept of earned value management
In a paper, define and elaborate on the concept of earned value management in a project setting. Identify benefits to this model as going above and beyond the concepts of budgetary projections. Be sure to explain the sensitivity and perishability of the EVM calculation as well as how EVM should be explained along with your financial and cost reports to ensure a clear picture of the project status in time.
3+ pages; 3-4 references; APA format
………………..Answer preview………………..
Earned value management is an important concept in management of projects. The concept uses different units to analyze the amount that is spent on a project, the completed work, the planned work and the time used. It is done through the quantification of the tasks of the project, assessment of the work that is done,…………………….
APA
976 words