Question: Answer the following questions: - How does earned value give a clearer picture of project schedule and cost status than a simple plan versus actual

Answer the following questions:

- How does earned value give a clearer picture of project schedule and cost status than a simple plan versus actual system?

- Schedule variance (SV) is in dollars and does not directly represent time.Why is it still useful?

- In month 9 the following project information is available: actual cost is $2,000, earned value is $2,100, and planned cost is $2,400.Compute the SV and CV for the project.

- On day 51 a project has an earned value of $600, an actual cost of $650, and a planned cost of $560.Compute the SV, CV, and CPI for the project.What is your assessment of the project on day 51?

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