Earned Value Management System

System

• Discuss how an will be utilized for this project or , including the formulas to compute earned value analysis (EVA).
• Cover the following 4 scenarios and what you should do:
  • Behind schedule and over budget:Include a sample calculation that would trigger this interpretation, along with a graph.
  • Ahead of schedule and on budget:Include a sample calculation that would trigger this interpretation, along with a .
  • Behind schedule and on budget:Include a sample calculation that would trigger this interpretation, along with a sample graph.
  • Ahead of schedule and under budget:Include a sample calculation that would trigger this interpretation, along with a sample graph.
• Discuss for each of the above situations how you compute the final cost and end date if nothing changes with its present state.
• Overall Cost and Schedule Performance
  • Discuss how you will .
  • Discuss what metrics, reports, and graphs you will use to monitor progress.
  • Discuss how they would determine the cause of the variation.
  • Discuss how you will respond to deviations; (specifically around schedule compression and a contingency budget).