PgMP Practice Question

Earned Value Analysis (EVA) provides a unified view of scope, schedule, and cost by expressing work progress as Earned Value (EV) and comparing it with Planned Value (PV) and Actual Cost (AC). This yields Cost Variance, Schedule Variance, CPI and SPI, allowing executives to see whether the program is under or over budget and ahead or behind schedule. A balanced scorecard aggregates strategic KPIs but does not baseline schedule or cost. The Critical Path Method identifies the sequence of activities that drives duration, yet it says nothing about costs. Benefits-realization tracking monitors whether intended benefits are achieved but does not measure cost efficiency while work is in progress.