Provide a minimum of a four-page narrative that discusses the following concerning the earned value management (EVM) method:
Identify a minimum of four metrics used in EVM that report actual project status, and identify the data needed to calculate each. Also, assess strategies in collecting relevant data.
Discuss a minimum of two metrics used in EVM that provide a forecast based on past results, and identify the data needed to calculate each. Appraise the capabilities of these metrics.
Provide an in-depth explanation on the limitations of the EVM method that identifies at least three drawbacks of this method.
Paper Requirements:
Format your entire paper in accordance with the CSU-Global Guide to Writing and APA.
Be sure to properly organize your writing and include an introduction, headings/subheadings for the body of your work, discussion recommendations, and a conclusion.
Your paper should be a minimum of four pages long, not including the required title page and reference page. Nor does the page requirement include any supplemental pages, should you use them, such as appendices.
Include at least one of this week’s recommended readings and one outside reference (a peer-reviewed scholarly article published in the last five years, references not to include required or recommended reading assignments, or the textbook).
Required
- Chapter 5 in Project Management Metrics, KPIs, and Dashboards: A Guide to Measuring and Monitoring Project Performance
- PowerPoint file for Chapter 5 in the textbook, Project Management Metrics, KPIs, and Dashboards: A Guide to Measuring and Monitoring Project Performance
- Chapter Sections 1.4, 1.5, 1.6, & 7.4.2.1 in the PMBOK® Guide
- Spitczok von Brisinski, N. (2014). Beyond earned value management: Do you assess a project’s team trust index? Project Management Institute. Retrieved from http://www.pmi.org/learning/library/earned-value-management-trust-index-8703