Situation - The DIT COO asked your Program Manager to ensure the first section of your EVM White Paper provides a thorough but straightforward explanation of the EV Concept that his current and future project managers can understand quickly. He also wants to ensure you include a brief but clear explanation of the EV concept in an appropriate section of your Project Cost Management Plan Template.

Assignment - Use all you have learned from your study of the course materials and your discussions with your classmates about the EVM to write a thorough explanation of the EV Concept in your Cost Management Plan Template. Develop a new section in your plan if this is not available. Assuming the project is on schedule (on time) and within budget, perform a preliminary EVM as an exercise based on your current understanding of the project, using assumptions on the project scope, cost, and schedule. Submit the updated plan for review and grading.