Question: Application Questions 4. You have decided to use Earned Value Management (EVM) to monitor and control a large and complex project. Earned Value Management is

Application Questions

4. You have decided to use Earned Value Management (EVM) to monitor and control a large and complex project. Earned Value Management is a popular project management tool, previously referred to as Earned Value Analysis (EVA). What inputs are you going to use and which steps would you apply in calculating the Earned Value Management (EMV)?

5. Your project has come to an end and you are required to formally close the project. You are require to write the project closeout report. Discuss the Seven Elements of the Project Closeout Management model that you are going to include in your report and describe what takes place at each step.

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