Explain the rules for cost and performance management

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Reference no: EM132040747 , Length: 3

Imagine that you are writing a scholarly paper for consumption by a new undergraduate student in the project management program. In your paper, explain the following:

Rules for cost and performance management-including a discussion of earned value measurement (EVM) techniques.

Earned value management-including three key dimensions for each work package.

Schedule forecasts-including purpose and measurement during monitoring and controlling.

Cost estimates-including basis of estimates, vendor bid analysis, cost benefit analysis, and cost of quality.

Budget-including cost baseline, management reserve, control accounts, contingency reserve, activity contingency reserve, and project funding requirements.

Procurement-including bidder conferences, proposal evaluation, advertising, seller selection, and agreements.

Your well-written paper must meet the following requirements:

3 pages in length, not including cover, references page, and appendices.

Supporting documents must appear in appendices.

Reference no: EM132040747

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