In a predictive, plan-based project, which technique is most suitable for calculating and documenting deviations from the project baseline related to both cost and schedule performance?
Earned Value Management
Quality Audits
Risk Analysis
Critical Path Method
Earned Value Management (EVM) is the most appropriate technique for calculating and documenting deviations from the project baseline regarding cost and schedule performance. EVM integrates scope, schedule, and cost parameters to assess project performance and progress. It provides quantitative data on cost variance (CV) and schedule variance (SV), allowing project managers to identify and address deviations effectively. Other options like Critical Path Method focus on scheduling but do not directly provide variance calculations, while Risk Analysis and Quality Audits serve different purposes in project management.
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