EVM as a central tool to project management
Not what you're looking for?
Provide an assessment of the relative importance of controlling project cost. EVM is the central tool of project management in project cost control. Show the importance of cost control using anecdotes taken either from credible sources.
Purchase this Solution
Solution Summary
Provide an assessment of the relative importance of controlling project cost. EVM is the central tool of project management in project cost control. Show the importance of cost control using anecdotes taken either from credible sources.
Solution Preview
It is extremely important for any project manager to keep project cost under control for the overall success of the project as actual cost incurred on the project should be as close as possible to the planned cost to ensure that project is completed as per desired scope, schedule and cost. If actual costs exceed the planned budget, it can affect the smooth completion of project as resource constraints can occur due to shortage of finances. The project sponsor will also be unsatisfied due to such cost overruns. The ultimate objective of the project may not be achieved if project is ...
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
Recent Feedback
- "Thank you. "
- "Thank you"
- "Thank you. I got 20/20 last week for my discussion you help me out with."
- "Thank you. Great Job. "
- "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Operations Management
This quiz tests a student's knowledge about Operations Management