Your Project Sponsor pulls you aside and admits that he has no idea what earned value management concepts (EVM), such as AC, BCWP, and EV mean; he is only concerned that you deliver the project ahead of schedule and under budget. Using the information covered from your readings and other activities, develop a project to educate him, including which EVM performance measures you would educate him on. Provide a rationale for your selection of topics.After posting your response, respond to at least one (1) of your classmates on their suggestions.Student's Response: Since my sponsor does not know what EVM means, he is most like not concerned with the methods it takes to deliver the project on time. Explaining to him the process might help him for future projects to ensure he is treated fairly. EVM is not just a unique project management process, it is an umbrella for a set of requirements that a contractor’s management system must meet to complete the project: Relate time phased budgets to specific contract tasks and/or statements of work.Provide the basis to capture work progress assessments against the baseline plan.Relate technical, schedule, and cost performance.Provide valid, timely, and auditable data/information for proactive project management analysis and action.Supply managers with a practical level of summarization for effective decision making. Once the contractor’s EVM System is designed and implemented on a project, there are significant benefits to the contractor and to the customer. Contractor benefits include increased visibility and control to quickly and proactively respond to issues which makes it easier to meet project schedule, cost, analysis, and technical objectives. Customer benefits include confidence in the contractor’s ability to manage the project, identify problems early, and provide objective, rather than subjective, contract cost analysis and schedule status. Earned value management does introduce a few new terms. Contractors’ internal systems must be able to provide: Budgeted cost for work scheduled (BCWS), sometimes called the planned value.Budgeted cost for work performed (BCWP) or earned value.Actual cost of work performed (ACWP).Budget at completion (BAC).Estimate at completion (EAC) which is comprised of the cumulative to date actual cost of work performed plus the estimate to complete the remaining work.Cost variance (CV) which is calculated as BCWP minus ACWP. A result greater than 0 is favorable (an underrun), a result less than 0 is unfavorable (an overrun).Schedule variance (SV) which is calculated as BCWP minus BCWS. A result greater than 0 is favorable (ahead of schedule), a result less than 0 is unfavorable (behind schedule).Variance at completion (VAC) which is calculated as BAC minus EAC. A result greater than 0 is favorable, a result less than 0 is unfavorable.https://www.humphreys-assoc.com/evms/basic-concepts-earned-value-management-evm-ta-a-74.html

Hello, I am requesting assistance with writing four (4) essays that are 400-500 words each, APA Style with at least one reference. Below you will see the essay choices under each unit. Any other questions I can answer or the following are instructions. Thanks.Writing AssignmentsEach unit examination includes a written component. The writing assignments give students the opportunity to demonstrate a level of subject mastery beyond the objective unit examinations, which reflects his/her ability to analyze, synthesize, evaluate and apply his/ her knowledge.Writing assignments are judged on the quality of the response. Word count is NOT one of the criteria that is used in assigning points to writing assignments. However, students who are successful in earning the maximum number of points tend to submit writing assignments that are 400-500 words (1-2 pages) per question.PlagiarismAll work must be free of any form of plagiarism. Put written answers into your own words. Do not simply cut and paste your answers from the Internet and do not copy your answers from the textbook.Plagiarism consists of taking and using the ideas, writings or inventions of another, without giving credit to that person and presenting it as one’s own. This is an offense that the university takes very seriously. An example of a correctly prepared written response may be found by visiting the Coast Connection student portal. You can nd this in the portal by clicking on Student Resources and thenWriting Basics.Citation StylesThe majority of your response should be your own original writing based on what you have learned from the textbook. However, students may also use outside materials if applicable. Be sure to provide a citation and a reference for any materials used, including the required textbook. The following points are designed to help you understand how to provide proper citations and references for your work:•Sources are listed in two places.The first, a citation, is briefly listed within your answer. This includes identifying information that directs the reader to your list of references at the end of your writing assignment.The second, a reference, is at the end of your work in the list of references section.All sources cited should follow APA style and provide enough identifying information so that the reader can access the original material.Please utilize/reference the following textbook:Successful Project ManagementJack Gido, James P. Clements, and Rose Baker, 2018CengageISBN.13: 978-1-337-09547-1BAM350 - PROJECT MANAGEMENTUNIT #1Please answer ONE of the following:The project management process involves two major functions: rst establishing a plan and then executing that plan to accomplish the project objective. Describe how the project manager can help these two functions be successful.List eight elements that could be included in a project charter. Describe why each element is valuable to the project charter.Describe at least three criteria that a customer could use to evaluate a contractor’s proposal.UNIT #2Please answer ONE of the following:Elaborate on at least three ways to obtain or collect information to further refine the project charter or RFP.Describe the agile project management for a project where a Scrum master is facilitating the Scrum development process for a software development project. Include a description of the six steps in the Agile project management process.In resource-limited scheduling, the lower priority activities get delayed. How does the delaying of activities affect the project? Explain.UNIT #3Please answer ONE of the following:Often, the sum of the initial estimated costs is greater than the amount of funds budgeted by the sponsor. What should be done to arrive at an acceptable budget amount? Describe the steps necessary to ensure an acceptable budget amount is present.Establishing risk categories may help to identify and evaluate risks. Characterize some categories to help identify risks.Why should the project organization establish a knowledge base system for the organization? Elaborate.UNIT #4Please answer ONE of the following:Describe at least three potential subjects of negotiations in which a project manager would participate for a project.Describe examples of situations that provide a possibility for unethical behavior.The project manager must determine the purpose of the presentation. Is it to inform or to persuade? Differentiate between the two.