What is meant by the value in earned value

Assignment Help Management Theories

Reference no: EM131461358

Question: Overview

This module introduces the processes required to ensure the project is completed within the approved budget. The objective of cost management is to establish a system that enables a project manager to estimate, plan, track, and control the costs for the life of the project in order to satisfy the customer's cost requirement.

Assignment Parameters

• Length: 1500-2000 words (6-8 pages); answers must thoroughly address the questions in a clear, concise manner

• Structure: Include a title page and reference page in APA style

• References: Include the appropriate APA style in-text citations and references for all resources utilized to answer the questions

Assignment: 1. Describe the strengths and weaknesses of using earned value management.

2. Discuss the value of the data provided by a specific benchmark, and how the processes used by the benchmark company or organization can benefit you.

3. Characterize the relationship between budgeting and risk analysis.

4. Earned Value Management uses dollars to manage schedule performance. How is this possible?

5. What is meant by the "value" in "earned value?"

Reference no: EM131461358

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