Reference no: EM133071672

Earned value metrics is another tool for project managers to identify issues and better understand them. Learning this method will help to control different aspects of the project such as the schedule and cost of most of the project. A majority of project managers will utilize this tool as an early warning system for their project. When you have the knowledge to prevent an irreversible effect, managers are using this method. The comparison to traditional accounting methods lets earned value metrics to go a little more in depth for less risks in the future. This is going to have a valuable effect on your time schedule as well. To use this in project performance, thorough planning will be involved and is planned value of the work accomplished. You are able to use this as a reference and compare them to other tools to track the schedule of the ongoing project. All the tools are able to be utilized together. Integrating an experienced project manager and these methods will prove to have a more positive outcome than usual.

1. Basic calculations indicate how the project is performing.

2. Discuss earned value metrics. How is it used to explain project performance?