Explain why would requiring contractor firms to employ earn

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Reference no: EM132705363

It has been said that Earned Value Management (EVM) came about because the Federal Government often used "Cost-plus" contractors with project organizations. Cost-plus contracting allows the contractor to recover full project development costs plus accumulate profit from these contracts.

Question 1: Why would requiring contractor firms to employ earned value management help the government hold the line against project cost overruns?

Question 2: What do the Schedule Performance Index and the Cost Performance Index demonstrate? How can a project manager use this information to estimate future project performance?

Reference no: EM132705363

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