PPMP20010 Tutorial Week 4.Docx Topic: Earned Value Management II Please discuss and debate the following with your colleagues in the tutorial session: 1. Go through the EVM Assignment Report discuss and explain the following: - 1.1. How is the report a vital communication tool aimed at the sponsor/steering committee? 1.2. What does Kerzner (2013) refer to as a Monthly Project Report in figure 15-24 page 786? 1.3. What is Variance Analysis and where are the sources that explain how to calculate it? 1.4. What is EAC and where are the sources that explain how to calculate it? 1.5. What are the contents of the cost summary and to whom is it aimed? 1.6. What is an ‘S’ curve and how is it interpreted? 1.7. What is a forecast at completion date? How does rebaselining impact on the forecast at completion date? 1.8. What is a milestone report and why and what should it contain? 1.9. What is an event report and why is it important? 2. How frequently is the project manager expected to produce the EVM status report? 2.1. What factors causes the frequency to change? 2.2. What are the dangers of the report? 2.2.1.Could it contain misleading information? 2.2.2.What is the impact of information or performance reporting lag? 2.2.3.Do certain types of project have more or less performance reporting lag? 3. Would the project manager provide the EVM status report to all stakeholders? 4. Is the EVM report a standalone report or is it combined with other reports? 4.1. Is there any important project management knowledge areas that are not reflected in the EVM status report? 4.2. Does the stage of the project life-cycle impact on any companion reports? 4.3. List the companion reports (if any).