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Earned Value Analysis (EVA) is one of the key tools and techniques used in Project Management, to have an understanding of how the project is progressing. EVA implies gauging the progress based on earnings or money. Both, schedule and cost are calculated on the basis of EVA.
a) Bad news does not age well – Holding on to the bad news does not help. The project manager needs to take an immediate action.
b) Still time to recover – In case, the project is not going as per schedule and may get delayed, the situation is needed to be taken care of by finding out the reasons that are causing delay and taking the required corrective action.
c) Timely request for additional funds – While there is time to recover, the need for additional resources or funds can be escalated with an early warning.
Note: In PMP® exam, the terms used can be either PV, EV and AC or BSWS, BCWP and ACWP.
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PMP is a registered mark of Project Management Institute, Inc. Edureka is a Global PMI® REP: ID 4021
Course Name | Date | |
---|---|---|
PMP® Certification Training Course | Class Starts on 30th May,2022 30th May MON-FRI (Weekday Batch) | View Details |
PMP® Certification Training Course | Class Starts on 4th June,2022 4th June SAT&SUN (Weekend Batch) | View Details |
PMP® Certification Training Course | Class Starts on 27th June,2022 27th June MON-FRI (Weekday Batch) | View Details |
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