For this milestone, you will define the basic elements used to calculate EVM measures, analyze the project documentation to establish EVM parameters, discuss various methods used to determine earned value, and select the most appropriate method for determining earned value.

Specifically, you must address the following rubric criteria:

Earned Value Parameters

Define the basic elements used to calculate EVM measures$$earned value $($EV$),$ planned value $($PV$),$ actual cost $($AC$),$ and budget at completion $($BAC$)$ and where you would find them in project documentation.

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.

Discuss the various methods used to determine earned value.

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.