Explain what is meant by earned value analysis

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Reference no: EM133383623

Questions:

1. You are planning the construction of a dream house in the suburbs of Toronto. Develop a realistic Project Resource Plan for this project using actual/realise activities. Identify the resources needed for this project and eexplain how you would accurately and realistically estimate your resource requirements.

2. Explain how you would determine and plan for the resources for this project. Which project management tool do you think would be best to help you plan for your project resource requirements? Explain.

3. Explain what is meant by Earned Value Analysis and why this is a critical component of Project Resource Management.

4. How is Earned Value Analysis different from Actual Cost Analysis? In what ways are these two types of analysis helpful to the project manager in his/her resource management and planning? Explain.

 

 

Reference no: EM133383623

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