Earned Value Management Review

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Using past course texts, current suggested readings, and other scholarly resources, write a review of earned value management.

Define the following:

  • Schedule variance (SV)
  • Cost variance (CV)
  • Schedule performance index (SPI)
  • Cost performance index (CPI)

Be sure to address these questions:

  • What do SPI and CPI demonstrate? How do you plan to use this information in your recommendation to the CIO?
  • How are SV and CV related to one another? Why are these terms important?
  • What are the major advantages of using earned value metrics to understand the effectiveness of project performance? What do you perceive are its disadvantages?
  • What are the challenges associated with obtaining earned value metrics? What can you do as a project manager to minimize the challenges?
  • What are your recommendations given the information above?

Lastly, conclude with a description of the value of earned value management to an organization.

Your paper should meet the following requirements:

  • Be at least 3 pages in length.
  • Be formatted according to the CSU-Global Guide to Writing and APA.
  • Include two scholarly sources. The CSU-Global Library is a good place to find these sources.