Consider the EVM charts in Exhibit 5.5. Are there any other measures you might want to use in the management of a project? What are some controllable variables that may affect the costs being tracked?

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exhibit 5.5 Earned Value Management Charts $200,000 $150,000 $100,000 $50,000 $0 $200,000 $150,000 $100,000 $50,000 $0 Chart A -Budgeted Cost of Work Scheduled (BCWS) Actual Cost (AC) 1 2 3 4 5 Chart C BCWP BCWS 1 2 3 4 AC 6 7 Time (weeks) 8 Budgeted Cost of Work Performed (BCWP) Actual Cost (AC) AC 1 5 6 7 8 Time (weeks) Project Tracking without Earned Value Is Inconclusive TI 9 10 11 12 1 Cost Variance (S) Underbudget 9 10 11 12 $200,000 $150,000 $100,000 $50,000 $0 $200,000 $150,000 $100,000 $50,000 $0 Chart B Budgeted Cost of Work Scheduled (BCWS) -Budgeted Cost of Work Performed (BCWP) BCWP Chart D Behind Schedule 1 2 3 4 Schedule Variance (Time) I 1 1 2 3 4 5 6 7 8 9 10 11 12 Time (weeks) Schedule Variance ($) Budgeted Cost of Work Scheduled (BCWS) Budgeted Cost of Work Performed (BCWP) -Actual Cost (AC) BCWS BCWP AC 5 6 7 8 Time (weeks) BCWS 9 10 11 12