Question: Question 1 (a) Earned value management involves calculating three values for each activity or summary activity from a projects WBS. Describe each of these three

Question 1

(a) Earned value management involves calculating three values for each activity or summary activity from a projects WBS. Describe each of these three values with examples. (20 marks)

(b) What are tangible and intangible costs? Distinguish between direct and indirect costs and give examples of each. (10 marks)

(c) Describe the concepts of informal methods for distributing information. How do they compare to formal methods for distributing information? (20 marks)

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