Proj 586 Week 4 DQ 2 (Earned Value Analysis)

Week 4: Planning and Monitoring the Project: Costs, Budget, and Earned Value – Discussion 2

Earned Value Analysis (Graded)

Once your budget is planned and allocated across your work packages, it is critical to monitor and control your project’s cost. Why is monitoring and controlling the project cost important for the success of the project? What are some key components to monitor the health of the project, as it relates to earned value? How is earned value management different than straight financial accounting?