The state of a project is assessed using earned value measurement (EVM) measures and supporting project documentation. The results of such an assessment are typically compiled in a report written for the project manager that summarizes the state of the project and identifies areas in which performance is currently or potentially deficient.

Specifically, the following critical elements must be addressed. Use presentation notes ("speaker notes") to articulate those points that are not observable in the presentation: I. Earned Value Parameters A. Define the basic elements used to calculate EVM measuresearned value (EV), planned value (PV), actual cost (AC), and budget at completion (BAC)and where you would find them in project documentation. B. Analyze the project documentation from the case study for the data necessary to establish EVM parameters. In other words, is everything you need to establish the EVM parameters for this project contained within that documentation? If not, explain how you might obtain it. Be sure to use specific examples to justify your rationale. C. Discuss the various methods used to determine earned value. D. Select the most appropriate method for determining earned value for the project in the case study. Be sure to use research to substantiate your position.

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I Earned Value Parameters A Earned Value EV Planned Value PV Actual Cost AC and Budget at Completion BAC Definitions and Sources Earned Value Management EVM uses four key parameters to assess project ... View the full answer