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With the help of labelled diagram, calculate and explain the meaning of Earned Value, Schedule Variance and Cost Variance and their implications in project management.

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With the help of labelled diagram, calculate and explain the meaning of Earned Value, Schedule Variance and Cost Variance and their implications in project management. Explain how you would obtain value for each of these in a project. Discuss the strengths and weaknesses of the EVA methodology. Cost/ Schedule Graph 51 DUO 125% 25% Today Scheduled and Prujaclduralion

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