Part 1: Executive summary

            Earned value management is considered to be one of the mechanisms that are used by the project manager or managers in measuring its performance against its baseline. Although it is a technique that ought to be studied as well as memorized by the concerned project managers, it is important for them to ensure that they have informed the project financiers what the figures means to them before the project commences (Bunin & Bunin, 2012). 
Part 2: Current status & evaluation of earned value data

            From the data collected, the current status of the company suggests that the project performance factors are the ones that are perceived to have a direct impact on the total expenses to be incurred after its completion. As a result of that, it is also important to take into consideration the earned value information because it will aid in representing a sole objective data point. Ideally, it is evident that from the data collected that although the earned value of the organization can have the potential of changing quickly; it is the responsibility of the management authority to use it as an earlier waning system (Bunin & Bunin, 2012). 
Part 3: Forecast performance

            With respect to the earned values of the organization, the future performance of the organization will ultimately be based on the strategies that can be used to make the project sponsors to understand its implications. On the other hand, in the process of monitoring the performance of the project, what will be taken into consideration are the costs and the time taken to complete each task as scheduled. This is what will enable the project manager/s to facilitate the realization of its objectives without the wastage of resources (Pyron, 2004). 
Part 4: Recommendations

            The first thing that the project manager need to understand is the fact that earned value computations is the one that will enable them to have the potential of identifying problem/s that might arise during the lifecycle f the entire project.  It is, therefore, important for the project manager/s to ensure that they have used a standard means of enhancing the availability of the EV metrics as well as reporting them on a regular basis across the project portfolio (Dayal, 2008). Secondly, although quality and customer satisfaction might not be captured during the computation of the EV, it is the responsibility of the concerned individual to ensure that they have utilized to measure the manner in which each task was executed relative to budget and schedule (Webb, 2003). 

 

 

 

 

 

 

                                                            References

Bunin, R. B., & Bunin, R. B. (2012). New perspectives on Microsoft Project 2010: Introductory. Boston, Mass: Course Technology.

Dayal, S. (2008). Earned value management: Using Microsoft Office project : a guide for managing any size project effectively. Clifton Park, NY: Cengage.

Pyron, T. (2004). Using Microsoft Office Project 2003. Indianapolis, Ind: QUE.

Webb, A. (2003). Using earned value: A project manager's guide. Aldershot, Hants, England: Gower.