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Earned value management

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What should the Earned Value Management (EVM) analyst do based on the information in this trend chart?

(IMAGE DESCRIPTION: Sample chart showing monthly management reserve (MR) usage, cost variance (CV), and schedule variance (SV) from May 14 through September 14. Approximate MR values are: May 2.2, June 2.1, July 2.05, August 2.0 September 1.0. Approximate CV values are: May -0.4, June -0.6, July -1.1, August -1.2, September -0.2. Approximate SV values are: May -0.7, June -0.8, July -0.9, August -0.95, September -1.0.)

  • Since there is a significant drop in MR budget, and CV shows a significant improvement, the EVM analyst should examine why the SV did not improve.
  • Since there is a significant drop in MR budget, the EVM analyst should recommend additional funding to ensure there is sufficient MR for the remainder of the contract.
  • Since there is a significant drop in MR budget, while CV shows a significant improvement, the EVM analyst should examine the allocation of MR to ensure that it was not distributed to offset CV.
  • Since CV shows a significant improvement, and there is a significant drop in MR budget, the EVM analyst should examine the allocation of MR to ensure that it was used to offset CV.

Reference no: EM131434591

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