Earned Value System in Project Management

Many project managers employ an earned value system to monitor their projects. In Project Management: The Managerial Process, Larson and Gray (2014) define the earned value of a project as “the percent complete times its original budget. Stated differently, EV [earned value] is the percent of the original budget that has been earned by actual work completed.”

In this assignment, you will analyze the case study “Ariba Implementation at Med-X: Managing Earned Value” and apply earned value system metrics to make decisions about the project in a short paper.

Specifically, the following critical elements must be addressed in the Earned Value System:

 Cost: Give an estimate of the cost of the project.

 Time: Give an estimate regarding how long the project will take.

 Cause: Based on your analysis, give an explanation as to why the company’s project is not going according to plan. What is wrong with the project?

Support your explanation with evidence from your analysis.

 Recommendations: What action(s) do you recommend to address the cause of the problem? Support your recommendations with evidence from your

analysis.

 Application: How do you foresee using earned value metrics on your own projects currently or in the future?

Guidelines for Submission of your Earned Value System Work:

Your case study analysis must be submitted as a 1- to 2-page Microsoft Word document with double-spacing, 12-point Times New Roman font, one-inch margins, and sources cited in APA format.

Many project managers employ an earned value system to monitor their projects. In Project Management: The Managerial Process, Larson and Gray (2014) define the earned value of a project as “the percent complete times its original budget. Stated differently, EV [earned value] is the percent of the original budget that has been earned by actual work completed.”

Earned Value System Assignment:

You will analyze the case study “Ariba Implementation at Med-X: Managing Earned Value” and apply earned value metrics to make decisions about the project in a short paper.

Specifically, the following critical elements must be addressed:

 Cost: Give an estimate of the cost of the project.

 Time: Give an estimate regarding how long the project will take.

 Cause: Based on your analysis, give an explanation as to why the company’s project is not going according to plan. What is wrong with the project?

Support your explanation with evidence from your analysis.

 Recommendations: What action(s) do you recommend to address the cause of the problem? Support your recommendations with evidence from your

analysis.

 Application: How do you foresee using earned value metrics on your own projects currently or in the future?

Guidelines for Submission: Your case study analysis must be submitted as a 1- to 2-page Microsoft Word document with double-spacing, 12-point Times New Roman font, one-inch margins, and sources cited in APA format.