What is earned value management and how can it be used to monitor project status?
What will be an ideal response?
Earned Value Management (EVM) is a project status tracking tool that jointly monitors budget, time, and performance and allows future projections of project status based on current state and baseline. Earned value is the real budgeted cost, or value, of the work that has actually been performed. This is compared to the planned value across the project's life cycle and the actual costs incurred in accomplishing the various work packages. The work breakdown structure and a time-phased budget can be combined to create a project baseline that allows a project manager to compare the project's progress and expenses against plan at any and all stages of project completion.
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Jim places a new lift truck (7-year MACRS property) into service on January 16, 2019. He pays $30,000 for the truck. This is the only business asset placed into service during this year. Jim does not desire to use the Section 179 election. What is the maximum depreciation Jim may deduct for the current year?
A. $-0- B. $4,287 C. $6,000 D. $8,574 E. $30,000
Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element that is offset by a decrease in that same element.) On January 1, Year 1, the Baker Company purchased an asset for $200,000. The asset had a $50,000 salvage value and a 10-year life. Baker uses the straight-line method. At the beginning of Year 3, the asset was sold for $174,000. Show how the sale will affect Baker's financial statements, assuming that Baker uses straight-line
depreciation.AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows??????? What will be an ideal response?
Assume that the British pound is worth 1.6242 U.S. dollars. If a new Jaguar costs $138,000, what is
the cost in British pounds? A) 71,642 B) 119,998 C) 84,965 D) 201,000
Which is not a true statement regarding a company issuing bonds over stock to raise additional capital?