What purpose does the earned value technique serve

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Question - a) Operational staff are the people actually doing the job in each of the project centres. These people are in the best position to identify problems, constraints or issues relating to current project budgets and to advise financial personnel of requirements for future budgets-to help prioritise resource needs for the next project management costing exercise. They should be included in consultative processes for advising on cost information when monitoring income and expenditure against the project budget baseline. Comment on this statement and the implications for expense in the organisation.

b) What purpose does the Earned Value Technique serve, why is it important and how should it be reported?

c) Ensuring cost objectives remain achievable is an important aspect of internal controls. What are the broader issues associated with internal controls?

Reference no: EM133084784

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