use of earned value

Submitted by jason on Fri, 08/22/2008 - 05:57.

Dear friends,

 what is the primary and beneficial use of earned value  as a means of reporting performance of time and cost?

It is the reporting of : 

1. An accurate cost-schedule status

2. Cost-Schedule trends

3. Alerts about critical path slippage

4. Baseline variances

Please state your reason. Thanks.

regards

Moranz

 

‹ Which is true about Code of Accounts? why pm reluctant to delegate work? ›

Earned value gives you an

Submitted by taherk on Fri, 08/22/2008 - 12:26.
Earned value gives you an accurate status of cost and schedule the other options are not really benefits of EV

Hi,the answer is 2).

Submitted by jason on Sat, 08/23/2008 - 03:21.

Hi,

the answer is 2).

Does anyone have different opinion?

I am not sure why Baseline Variance is not correct. Is it because baseline can be scope baseline, that is, its too generic?

Moranz