According to the earned value management (EVM) process, completing a critical task according to new client specifications would cause the project to go over budget, the project manager and client need to reassess the assumptions of a project.
TEVM offers more data than standard project tracking does. By responding to the query, "Have we reached where we want to be in the project?," it goes one step further. & When will this project be completed? It makes it easier to pinpoint our current position in the project and determine when it will be successfully completed. In order to respond to problems early on and keep the project on schedule, the value added strategy helps create greater visibility and control over the project operations. It promotes project visibility and accountability and enables clear communication of the tasks involved. Earned value management (EVM fundamental )'s tenet is that the value of a work product is equal to the quantity.
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