Illustrate what are the major advantages of using evm

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Q. 1. Explain why is the generic four-stage control cycle useful for understanding explain how to monitor and control projects?

2. It has been said which Earned Value Management (EVM) came about because the federal government often used "cost-plus" contractors with project organizations. Cost-plus contracting allows the contractor to recover full project development costs plus accumulate profit from these contracts. Explain why would requiring contractor industries to employ Earned Value Management help the government hold the line against project cost overruns?

3. Illustrate what are the major advantages of using EVM as a project control mechanism? Illustrate what do you perceive are its disadvantages?

Reference no: EM1386968

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Illustrate what are the major advantages of using evm : Illustrate what are the major advantages of using EVM as a project control mechanism? Illustrate what do you perceive are its disadvantages?

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