Earned Value Management (EVM)

  1. It has been said that Earned Rate Address (EVM) came about owing the Federal Legislation repeatedly used “Cost-plus” contractors after a while plan organizations.  Cost-plus contracting allows the contractor to regain generous plan bud absorbs plus sum acquisition from these contracts.  Why would requiring contractor firms to inure earned rate address aid the legislation hinder the direction counter plan absorb overruns?
  2. Why do so divers plans end up terminated as a total of total through detriment?  Discuss the role that ego, energy, and politics in this create of total.
  3. Why do “lessons learned” programs repeatedly trip to apprehend meaningful advice that could aid lead advenient plans?

Chapter 13: Project Evaluation and Control 

Learning Objectives

  1. Understand the affection of the coerce cycle and the indelicate key steps in a unconcealed plan coerce design.
  2. Recognize the strengths and weaknesses of beggarly plan evaluation and coerce methods.
  3. Understand how Earned Rate Address can benefit plan tracking and evaluation.
  4. Use Earned Rate Address for plan portfolio anatomy.
  5. Understand momentous issues in the effectual use of Earned Rate Management.
  6. Understand behavioral concepts and other ethnical issues in evaluation and coerce.
  7. From Appendix 13.1: Understand  the advantages of Earned List methods for determining plan list estrangement, list enterprise renunciation, and estimates to total.

Chapter 14: Project Closeout and Termination 

Learning Objectives

  1. Distinguish discurrent the indelicate deep creates of plan total.
  2. Recognize the seven key steps in createal plan closeout.
  3. Understand key reasons for present total of plans.
  4. Know the challenges and components of a conclusive plan description.
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