<\/p>\n
Assignment 4: Earned Value Management (EVM)<\/strong><\/p>\n Due Week 8 and worth 130 points<\/p>\n Use the Internet or the Strayer Library to research articles on EVM. <\/p>\n Project managers often use Earned Value Management (EVM) if they want to compare the status of their projects to their project plans. Using the same project from Assignment 3, develop a project scenario to explain the amount of work that you have completed with the funds allotted.<\/p>\n This assignment consists of two (2) sections: <\/p>\n You must submit both sections as separate files for the completion of this assignment.<\/strong> Label each file name according to the section of the assignment for which it is written. Additionally, you may create and \/ or assume all necessary assumptions needed for the completion of this assignment.<\/p>\n Section 1: MS Project Exercise<\/p>\n Assume that your project is using more resources (e.g., time, money, and \/ or other non-labor resources, etc.) than anticipated through 50% of the project duration. <\/p>\n 1. Update the project schedule to reflect related resource changes. <\/p>\n 2. Produce a series of EVM reports from MS project that illustrates your project\u2019s performance. Note:<\/strong> Your reports should focus on the cost and schedule performance of the project.<\/p>\n Section 2: EVM Paper<\/p>\n Write a two to three (2-3) page paper in which you:<\/p>\n 3. Summarize the resource changes of your project, and discuss the performance results of your project.<\/p>\n 4. Determine one (1) performance measurement baseline for your MS Project. Justify your response.<\/p>\n 5. Apply earned value analysis (EVA) in order to forecast future cost issues. Justify your response. <\/p>\n Your assignment must follow these formatting requirements:<\/p>\n The specific course learning outcomes associated with this assignment are:<\/p>\n\n
\n
\n