Question: FORMATIVE ACTIVITY 24: Project cost and time Answer all the questions below US242914 SO2 AC1, 2 [Total: 15] Evaluate the earned value management approach to

FORMATIVE ACTIVITY 24: Project cost and time

Answer all the questions below

US242914 SO2 AC1, 2

[Total: 15]

Evaluate the earned value management approach to monitoring projects.

(5)

Why is it important to have a thorough understanding of the combined effect of project costs and timeframes?

(3)

What are the consequences for poor cost and time management on projects in your division? How could you overcome these?

(7)

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