How can Project Tracking without EVM do?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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How can Project Tracking without EVM do? 

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Step 1

EVM – Earned Value Management: EVM is defined as the measuring of the value from the project and comparing with the expectation from the project. Thus, measuring the earned value from the project and how we have managed the earned value through the project management.

Step 2

 Tracking a project allows a manager to effectively record, add and analyse the actual project performance related data that includes the tasks that were performed that had some value over that was successfully recorded in order to determine the amount of actual work, actual resource cost and the time duration that was actually spent doing the task.

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