EVM - Earned Value Method

Provide a minimum of a four-page narrative that discusses the following concerning the earned value management (EVM) method (four pages does not include the cover or references as pages):

• Explain the EVM method and its capabilities, in less than half a page.
• 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.