Define and explain on earned value management (EVM)

Gantt charts and earned value management (EVM) are frequently used in project management. When properly used, they can provide project managers with information about how the project is progressing. Early warning signs provide project managers with a means to help get their projects back on track. Although Gantt charts and earned value calculations can be created and performed in Microsoft Excel, many project management software suites can provide users with enhanced tools for simplifying these tasks. Some of the most popular project management software suites are as follows:

• Microsoft Project
• Monday.com
• Teamwork
• FunctionFox
• GanttPro
• ClickUp

Select 1 of the software suites from the list above, or choose your favorite (if not listed). Describe and discuss the following points about the software:

• Cost, features, and rating
• Strengths and weaknesses
• Your impressionGantt charts and earned value management (EVM) are frequently used in project management. When properly used, they can provide project managers with information about how the project is progressing. Early warning signs provide project managers with a means to help get their projects back on track. Although Gantt charts and earned value calculations can be created and performed in Microsoft Excel, many project management software suites can provide users with enhanced tools for simplifying these tasks. Some of the most popular project management software suites are as follows:
  • Microsoft Project
  • Monday.com
  • Teamwork
  • FunctionFox
  • GanttPro
  • ClickUp

  Select 1 of the software suites from the list above, or choose your favorite (if not listed). Describe and discuss the following points about the software:

  • Cost, features, and rating
  • Strengths and weaknesses
  • Your impression