Question: What is earned value management? Explain how earned value management is used by the project manager to monitor and control performance of a project and

 What is earned value management?

Explain how earned value management is used by the project manager to monitor and control performance of a project and how it is used to forecast remaining costs and schedules (6 points).

A project has a Cost Performance Index of 1.28. Explain how the project is performing against budget. (2 points)

A project has a Schedule Performance Index of 0.78. Explain how the projects is performing against the planned schedule.

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