EVM in Acquisitions Field
According to a study published in the Journal of Management in Engineering in 2020, “earned value management (EVM) is a project management technique used to measure and track project performance, cost, and schedule” (Ahmad, et al., 2020). This technique is often used in the acquisitions field to ensure that projects are completed on time and within budget. Another article published in the Journal of Business Research in 2019 found that “EVM can be an effective tool for managing acquisitions projects, particularly when used in conjunction with other project management techniques” (Kim & Lee, 2019). However, the authors also noted that there are challenges to using EVM in acquisitions, including the need for strong communication and collaboration between team members and the need to ensure that all stakeholders are aware of the importance of using EVM to track project progress. Cont…
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