Earned Value Management Discussion

User Generated

Yze22680

Business Finance

Question Description

I’m trying to study for my Management course and I need some help to understand this question.

Review my earned value story about painting a house. Analyze what happens when conditions change in a project and how changes affect the project plan. You can also “play with the numbers” to see what happens when the change changes.


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Explanation & Answer

Attached.

Running head: EARNED VALUE MANAGEMENT

Earned Value Management
Name of Student
Name of Institution

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EARNED VALUE MANAGEMENT

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Earned Value Management
Earned Value (EV) is a standard technique for measuring the progress of a project at a
given time, speculating its completion time and final cost, and examining changes in the
planning and budget of a project as it continues. Therefore, the method compares the schedule,
cost, and work completed to define whether everything is per the predetermined plan. In this
perspective, the program is useful in various ways such as assisting in the measurement of
different stages of a project; thus, it helps to measure everything (Chen, Chen & Lin, 2016).
Furthermore, EV serves the purpose of providing a warning signal that defines an appropriate
time fo...

Zvpebghgbe_Ohepuh (22470)
UT Austin

Anonymous
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