I’m working on a management question and need support to help me study.
Assigned Readings:
Chapter 13. Project Evaluation and Control?
Chapter 14. Project Closeout and Termination
Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.
Also, provide a graduate-level response to each of the following questions:
- 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?
- Why do “lessons learned” programs often fail to capture meaningful information that could help guide future projects?
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