Analyze how earned value may be used to determine if a project is on time or within budget. Provide a real-world example, including the formula calculations, to support your response.

Question description

  • Earned value reporting allows project managers to measure and track actual versus planned costs, schedule, and work. Present the factors, metrics, and formulas that may be used to determine earned value.
  • Analyze how earned value may be used to determine if a project is on time or within budget. Provide a real-world example, including the formula calculations, to support your response.

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