Imagine that you are writing a scholarly paper for consumption by a new undergraduate student in the project management program. In your paper, explain the following:
Rules for cost and performance management-including a discussion of earned value measurement (EVM) techniques.
Earned value management-including three key dimensions for each work package.
Schedule forecasts-including purpose and measurement during monitoring and controlling.
Cost estimates-including basis of estimates, vendor bid analysis, cost benefit analysis, and cost of quality.
Budget-including cost baseline, management reserve, control accounts, contingency reserve, activity contingency reserve, and project funding requirements.
Procurement-including bidder conferences, proposal evaluation, advertising, seller selection, and agreements.
Your well-written paper must meet the following requirements:
3 pages in length, not including cover, references page, and appendices.
Supporting documents must appear in appendices.