define and elaborate on the concept of earned value management in a project setting

define and elaborate on the concept of earned value management in a project setting

In a paper, define and elaborate on the concept of earned value management in a project setting. Identify benefits to this model as going above and beyond the concepts of budgetary projections. Be sure to explain the sensitivity and perishability of the EVM calculation as well as how EVM should be explained along with your financial and cost reports to ensure a clear picture of the project status in time.
Support your paper with a minimum of five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.