INF337 Ashford University Week 3 Benefits of Earned Value Management Review

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Week 3 - Assignment

Article Review

Review the following two ProQuest articles on the benefits of earned value management (EVM) practices and myths. In a two- to three-page paper (not including the title and reference pages), compare and contrast the similarities and differences of the project success stories and myths in both articles. Make sure to present clear examples from both articles to describe the real-world benefits of EVM. Conclude with a discussion of a project you have been involved with that could have improved with a detailed project cost control described in these articles.

Article number one:
Visitacion, M. (2007, October). Exemplary EVM at Lawrence Livermore Labs. Contract Management, 47(10), 75-77. Retrieved from ProQuest Database.

Article Number two:
Visitacion, M. (2007, September). Debunking commonly held EVM myths. Contract Management, 47(9), 51-52. Retrieved from ProQuest Database.

Read the following journal articles to assist you in completing this week's written assignment:

Your paper should be formatted according to APA style as outlined in the approved APA style guide and should cite at least the two above mentioned articles in addition to the textbook.

Carefully review the Grading Rubric (Links to an external site.) for the criteria that will be used to evaluate your assignment.

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Explanation & Answer

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Running head: EARNED VALUE MANAGEMENT

Earned Value Management
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EARNED VALUE MANAGEMENT

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Week 3 – Assignment: Article Review
Visitacion, M. (2007, October). Exemplary EVM at Lawrence Livermore Labs. Contract
Management, 47(10), 75-77. Retrieved from ProQuest Database
According to Visitacion (2007), the key components and the necessary standards of
Earned Value Management (EVM) are essential for the success of any project under
implementation. The article appreciates the fact that, Earned Value Management is an essential
requirement for program management for any agency within the United States of America.
Lawrence Livermore Laboratory is a unique lab with more than eight thousand employees. The
lab has been tasked with the mandate of ensuring that the United States nuclear weapons are
protected in the best way possible. This is necessary in the sense that it prevents spread of
weapons of mass destruction. To ensure that management of Lawrence Livermore Laboratory is
able to meet the set goals and objectives, the project manager is fluent in Earned Value
Management and advanced program management principles.
The article points out the fact that an Earned Value Management system is supposed to
adhere to the quality standards of the American National Institute. The health nature of the
project is measured by embracing the Earned Value Management best practices....


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