I’m studying and need help with a Management question to help me learn.
Answer the following questions in 400 words
- It has been said that 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. Why would requiring contractor firms to employ earned value management help the government hold the line against project cost overruns?
- What do the Schedule Performance Index and the Cost Performance Index demonstrate? How can a project manager use this information to estimate future project performance?
Answer in proper APA format including Times New Roman with font size 12 and double spaced with proper references and in text citations.
One of the reference should be this book:
Pinto, J.K. (2019). Project Management: Achieving Competitive Advantage (5thed). Boston: Pearson
Feel free to add other references as well.
Make sure NO plagiarism