Week 6 – Assignment: Explain the Collaboration Between EVM and Budgeting

Instructions

Compare and contrast the relationship between Earned Value Management, Project Procurement, and the overarching effect the two have on the project?s budget. For your paper, use your project and related industry selected for previous assignments as an example. Your paper should include the following:

• Examination of labor versus procurement,
• actual costs,
• over and under stating costs, and
• steps to employing earned value.

To better demonstrate your comparison, provide a minimum of 5-8 examples of how you feel EVM calculations could be effected by problem procurements.

Support your paper with minimum of five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Length: 5-7 pages not including title and reference pages

Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University’s Academic Integrity Policy.