Assignment #5 - Earned Value Management (EVM)

Your project sponsor has been so impressed with your project management work that you have been tasked to assist on Project Ecommerce. The project manager for Project Ecommerce does not know how to use Earned Value Management. Your task is to calculate EVM, and prepare a report that shows all your calculations, explains EVM and all related terms as concepts, then analyzes, interprets, and suggests actions for Project Ecommerce.

The other project manager has prepared this information for you:

Project Name	Project eComm
Timeline	22 months
Total project budget	$5,500
Elapsed time	8 weeks
Money spent in month 1	$190
Money spent in month 2	$350
Value of work completed in month 1	$150
Value of work completed in month 2	$300
Allocated for expenses in month 1	$150
Allocated for expenses in month 2	$250

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