Try your hand at determining the status of a project based on the following EVM metrics and answer the questions provided.
PV = $2,360,000
AC = $2,285,000
EV = $2,340,000
Questions:
How likely is it that the project will finish on time?
How likely is it that the project will finish within the budget constraint?
Based on the metrics provided, what actions, if any, would you take as the project manager?
Do you think that EVM is an effective method of managing a project? Provide details to support your answer.