Application for Earned Value Management
In reference to Section IV of the final project, Application of EVM, consider what you have learned about the role of integrated cost and schedule control in improving overall project performance. Have you changed your opinion since the discussion in Module One? Why or why not? Based on your interpretation of the EVM statistics, do you think integrated cost and schedule control improved the performance of the project in the case study? Why or why not?
Final Project Section IV
IV. Application of EVM
A. Assess the role of integrated cost and schedule control in improving overall project performance. Be sure to use research to substantiate your reasoning.
B. Analyze the overall performance of the project in the case study based on your interpretation of the EVM statistics and with regard to integrated cost and schedule control.
6-2 Group Discussion
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Application for Earned Value Management
Integrating cost and schedule control plays an integral role in improving overall project performance. The performance of a given project is improved because an individual is able to keep track of the duration a given activity is supposed to take and the cost that should be incurred. As a result, the project manager can tell when something goes wrong in a project easily and determine the cause of the problem. Through this, the project manager can make better and more informed decisions about that particular project and other projects in the future (Soltan, 2022). Secondly, project performance improves because, with integrated cost and schedule control, the project is completed on time and financially responsible (Miguel et al., 2019). Consequently, since the discussion in Module One is still the same, my opinion is that the performance of a project is greatly improved through effective cost and schedule control.
After interpreting the information presented in exhibit 5, exhibit 7, and Exhibit 8 in the case study, it is clear that integrating cost and schedule effectively improves the project's performance. By using earned value analy...