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A Practical Guide to Earned Value Project Management, 2nd Edition by Charlene M. Budd, Charles I. Budd

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CHAPTER 10

 

Reporting Variances (Criteria 22–27)

“Things are going to get a lot worse before they get worse. ”

— Lily Tomlin

Several assumptions underlie the material presented in this chapter. They include (1) costs have been appropriately budgeted and (2) costs incurred for project work have been accurately recorded and summarized to the proper control accounts. Quite simply, all the previous EVMS criteria are in place to support the next six criteria.

Criteria 22 through 27 establish specific metric reporting requirements and additional management actions triggered by those measures. Criteria 22 through 24 dictate the required basic metrics and how they should be analyzed, while Criteria 25 through 27 discuss how the basic metrics are used ...

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