Earned value when assessing project performance

Reference no: EM13176973

We have discussed at length the Earned Value Management process. I am sure all of you have used the traditional process of assessing projects where we compare actual dollars spent to the amount we had planned to spend. This was quick and easy, but it has its shortcomings, and the Earned Value Management process is said to be better.

a) Why is this traditional approach different from using earned value when assessing project performance?

b) Describe the EVM process used to determine how far our project is ahead of or behind schedule

Reference no: EM13176973

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