Read the following chapters in Cost and Value Management in Projects:
- Chapter 5: Project Cost Control
Read the following journal articles to assist you in completing this week’s written assignment:
- Visitacion, M. (2007, October). Exemplary EVM at Lawrence Livermore Labs. Contract Management, 47(10), 75-77. Retrieved from ProQuest Database.
- Visitacion, M. (2007, September). Debunking Commonly Held EVM Myths. Contract Management, 47(9), 51-52. Retrieved from ProQuest Database.
Week 3 – Discussion
Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated.
Earned Value Fundamentals
Describe the linkages of the work breakdown structure and the time-phased budget to arrive at an earned value analysis. What is the impact on earned value if the cost estimation is significantly lower because of low estimates or specification changes in the project? Provide examples of projects you have been involved with or read about that may have had this problem. Respond to at least two of your classmatesâ€™ postings.