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Earned Value in Projects

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Earned value is not always used on projects. Why is it not used? Should it be? What are the criticisms associated with earned value? Give examples of projects that require earned value.

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Solution Summary

This solution discusses earned value management and outlines its main criticism in a project setting. A real-life example is included to illustrate a situation where earned value may play an important role. The main critcism discussed includes the issue that many project managers have reservations about the efficacy of its use regarding performance indicators. It also discusses the requirement the project has to use EVM and the its budget of 10 million 10 and the necessary completion time of 10 months.

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Problem: Earned value is not always used on projects. Why is it not used? Should it be? What are the criticisms associated with earned value? Give examples of projects that require earned value.

Earned value management isn't always used on projects because many project managers have reservation ...

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