“Earned Value” Please respond to the following:
• 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.
“Project Control Panel” Please respond to the following:
• A project control panel may be used to provide a summarized status of a project. Examine the various metrics, project attributes, and project control factors that a project control panel may display. Describe how various sections of a project control panel may serve as a communication tool for project stakeholders.
• Describe how you may use the project control panel to communicate with different project stakeholders. Include an example to support your response.