Explain how earned value analysis and the balanced scorecard are both useful tools for project managers, if they are.

Using Earned Value Analysis

One of the key elements of effective project management is bringing together multiple concepts of scope, budget, and schedule management to have a system’s view of a project.

  • Explain how earned value analysis and the balanced scorecard are both useful tools for project managers, if they are.
  • If your manager said that there was only time to collect data for EVA or the balanced scorecard which would you select to use and why?

You may find Table 7-1 in the PMBOK Guide of use in this discussion.

Support your statements and conclusions using at least one of this week’s required readings and one current, peer-reviewed scholarly article. Current means that the article was published in the most recent five years. Be sure to include your citation/reference pair in accordance with APA. Be sure to post a substantive initial post of at least 350 words.

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