Earned Value (graded)This week, we are introduced to earned value techniques. Why is this method any

Earned Value (graded)This week, we are introduced to earned value techniques. Why is this method any different than just comparing the traditional budget to date with the expenditures to date, or comparing schedule to date to the schedule baseline? After reviewing the EV technique and calculations, does the method have any use when monitoring a project? What drawbacks does the EV technique have that may limit its use in project management?Project Monitoring and Control (graded)The organization you work for may not use the earned value method, but it must use some method to control a project. Does the organization for which you work, or one with which you are familiar, use earned value? If it does, briefly describe the system and discuss any changes or improvements you would make. If not, which process is used to monitor and control a project’s performance? How effective is your organization’s system?