Question

DAU. ACQ. 202. MOD 3. Defense Acquisition University

Earned Value Management provides a sound basis for (SELECT ALL THAT APPLY)

1.Program Management Plan (PMP)

2.Establishing the Work Breakdown Structure (WBS)

3.Managing the Integrated Master Schedule (IMS)

4.Re-planning the project, if needed

5. Estimating probable completion times and costs

6. Taking corrective action

7. Identifying problems

Answer 1

Answer: The correct options are # 5,6, and &7.

Explanation: The earned value management helps in controlling the work schedule and the cost. Therefore, with the help of the ed Value management process of project management, we can estimate the probable completion times and costs. It also helps in the y identification of the problems and helps in creating the corrective actions to be taken. However,it helps in the planning process,but it can not be considered as a sound basis for the planning process.