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Describe how contingency planning can be factored into the overall cost estimation for unexpected challenges.
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- What did you learn about some of the real benefits and limitations of planning by watching this video?If earned value management (EVM) is so beneficial, why is it not used more often? Explain how it may be used to track costs and evaluate the success of a project. When evaluating cost variation, schedule variance, cost performance index, and schedule performance, what criteria should be used as a starting point?Explain how earned value management (EVM) can be used to keep costs down and measure how well a project is doing, and guess why it isn't used more often. How can you tell if a cost variance, schedule variance, cost performance index, or schedule performance index number is good or bad?
- Explain how earned value management (EVM) may control costs and monitor project performance and hypothesise why it is not used more commonly. What are some guidelines for evaluating cost variation, schedule variance, cost performance index, and schedule performance index numbers?Explain how earned value management (EVM) may save costs and assess project performance, and predict why it's not utilised more. What makes a cost variation, schedule variance, cost performance index, or schedule performance index statistic good or bad?What is project planning? Examine the significance of project planning. Outline the activities involved in project planning. Why is it necessary to plan for the unknowns during a project?
- Briefly discuss the advantages and disadvantages of planning strategies. Vary the size of the workforce to correspond to predicted changes in demand requirements.Why is earned value management (EVM) underutilised? Explain how it may be used to track spending and project success. What are some general rules for assessing cost variation, schedule variance, cost performance index, and schedule performance index figures?S. For these projects, you will be placed in the position of a strategist tasked to complete an analysis or develop a strategy plan for your company. Read this message from your manager to learn about the parameters of the project. TO: [Your Name]DATE: [Today's Date]FROM: [Supervisor Name]SUBJECT: Supply chain & PEST analysis Next month, during the quarterly board meeting, I will present the external factors impacting our company and how they will influence its growth. Please complete a value chain analysis of our company and a PEST analysis of the external factors impacting our company. Then, summarize the results of your analysis and deliver that summary to me before the end of next week. In your summary, please include a prediction of how those factors might impact our company’s performance moving forward, recommendations for addressing any negative factors, and visual graphs and charts that I can use during the presentation. Your analysis and summary will be a key…