Question: Select the correct statement about the use of Earned Value Management (EVM) data to support decision-making. EVM data doesnt help Program Managers (PMs) identify solutions
| Select the correct statement about the use of Earned Value Management (EVM) data to support decision-making. |
| EVM data doesnt help Program Managers (PMs) identify solutions to problems, it merely reports the status of cost and schedule variances. |
| EVM data provides updated estimates at completion, but they are usually received too late to affect budget submissions |
| EVM data can give the program manager (PM) early insight into cost and schedule performance issues, giving PMs more time to implement mitigation activities that might improve performance. |
Integrated analysis using EVM data is done to document contract performance, but contractors dont use it to take management action to mitigate problems. |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
