Week 6 - Assignment: Explain the Collaboration Between EVM and Budgeting

User Generated

Gbfna777

Business Finance

Description

Instructions

Compare and contrast the relationship between Earned Value Management, Project Procurement, and the overarching effect the two have on the project’s budget. For your paper, use your project and related industry selected for previous assignments as an example. Your paper should include the following:

  • Examination of labor versus procurement,
  • actual costs,
  • over and under stating costs, and
  • steps to employing earned value.

To better demonstrate your comparison, provide a minimum of 5-8 examples of how you feel EVM calculations could be effected by problem procurements.

Support your paper with minimum of five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Length: 5-7 pages not including title and reference pages

Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University's Academic Integrity Policy.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Please let me know if there is anything needs to be changed or added. I will be also appreciated that you can let me know if there is any problem or you have not received the work. Please let me know if there is anything needs to be changed or added. I will be also appreciated that you can let me know if there is any problem or you have not received the work Good luck in your study and if you need any further help in your assignments, please let me know Can you please confirm if you have received the work? Once again, thanks for allowing me to help you R

Report: EVM procurement paper

EVM procurement paper
by HAL

General metrics
11,420

1,792

83

7 min 10 sec

13 min 47 sec

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Report was generated on Wednesday, Oct 31, 2018, 6:44 PM

Page 1 of 2

Report: EVM procurement paper

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28%

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percentage of words used only once in your
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unique words

Rare Words

31%

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that are not among the 5,000 most common English
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rare words

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21.6

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Report was generated on Wednesday, Oct 31, 2018, 6:44 PM

Page 2 of 2


Running head: COLLABORATION BETWEEN EVM AND BUDGETING

Collaboration Between EVM and Budgeting
Name
Course
Date

1

COLLABORATION BETWEEN EVM AND BUDGETING

2

Collaboration Between EVM and Budgeting
The present paper describes the interaction between budgeting, earned value
management, and project procurement, and the effect that such interaction has on the budgeting
of the project and project management. While it focuses on the retail industry such that it uses
examples obtained from companies like Amazon, the description presented applies to any other
company and industry. In this regard, the paper illustrates how companies like Amazon have
employed its procurement management as a tool to effectively manage its contingent labor,
partners, and suppliers, enabling the company to rapidly reaching the leading position in the
retail industry both in the United States and worldwide.
Examination of labor from procurement management
While only recognized as a useful tool to business management, humankind has used
procurement techniques widely since the prehistory (Jacobs, Chase & Lummus, 2014). However,
it was not until the XX th century that human resource managers and procurement engineers
started to focus their a...


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