Park University Unit 4 Earned Value Measurement Questions

Introduction

Using the template for the homework assignment, complete the questions to gain a better understanding of the cost management methods in project management. This assignment allows students the opportunity to gain a deeper understanding of how cost management should be utilized on projects.

Unit Learning Outcomes

• Analyze the concepts within cost management.
• Differentiate between a cost baseline and a performance measurement baseline.
• Differentiate between contingency reserves and management reserves.
• Calculate earned value and understand the importance of earned value on a project.