How does earned value give a clearer picture of project schedule and cost status than a simple plan versus actual system?
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Answer the following questions:
– How does earned value give a clearer picture of project schedule and cost status than a simple plan versus actual system?
– Schedule variance (SV) is in dollars and does not directly represent time. Why is it still useful?
– In month 9 the following project information is available: actual cost is $2,000, earned value is $2,100, and planned cost is $2,400. Compute the SV and CV for the project.
– On day 51 a project has an earned value of $600, an actual cost of $650, and a planned cost of $560. Compute the SV, CV, and CPI for the project. What is your assessment of the project on day 51?