Problem
Chapter 13 of the Pinto text discusses earned value management (EVM), a project tracking approach that considers the impact of not only time and cost, but also project performance.
Examine the five steps in earned value management listed in the text as well as the project profile titled "Earned Value at Northrop Grumman." discussing how the five steps in EVM contributed to Northrup Grumman's ability to complete project deliverables according to specifications as well as on time and within budget.
In your analysis include:
1) A brief description of Northrup Grumman.
2) Three specific examples, each aligned to one of the EVM steps, indicating how that step may have contributed to successful project completion (according to specifications as well as on time and within budget) at Northrop Grumman.
3) Reference-based conclusions relative to how an EVM-based tracking approach may contribute to any organization's ability to complete large projects according to specifications as well as on time and within budget.