Your company is a dynamic organization that depends on using standard project management techniques as prescribed by PMBOK in managing series of projects to keep its IT infrastructure in alignment with its business goals.
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Your company has decided to use the earned value management (EVM) technique to monitor and control projects. In a report of 2–3 pages, complete the following:
- Define the concepts of cost variance and schedule variance.
- Demonstrate your understanding of EVM by using appropriate examples to illustrate the schedule performance index (SPI).
- Analyze how knowledge of the SPI will help you as a project manager in controlling the project and ensuring that it is completed within the scheduled target.
- Complete your paper and reference sources using APA style.
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