Earned Value Management
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Provide a 2 single space paged narrative that discusses the following concerning the earned value management (EVM) method:
- Explain the EVM method and its capabilities, in less than half a page.
- Identify a minimum of four metrics used in EVM that report actual project status, and identify the data needed to calculate each. Also, assess strategies in collecting relevant data.
- Discuss a minimum of two metrics used in EVM that provide a forecast based on past results, and identify the data needed to calculate each. Appraise the capabilities of these metrics.
- Provide an in-depth explanation on the limitations of the EVM method that identifies at least three drawbacks of this method.
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