How do you account for potential technological advancements when estimating costs for a project that spans multiple years?

Justify the use of Earned Value Management (EVM) to control costs and monitor project progress, and hypothesis as to why it is not used more often. For example, what are some general rules of thumb for deciding whether or not a cost fluctuation, a schedule variation is positive or negative?

1. Project manager Peter is currently executing a new phone system installation project. The project has a budget of $3,000 and a duration of 11 months total. Peter just completed the 8th month of the project. The project team has completed 90% of the project work and has spent $2,900. Summary: Budget:.. Duration: Now:.... Completed: . Total Spent: Find the following values: BAC : PV : CV: EAC : CPI : ETC : 90% $3,000 11 months 8th month completed $2,900 EV: SV: VAC : Based on the above values, comment on the project status (. AC: SPI : TCPI :

The time estimates (in hours) for the activities of a PERT network are given below: a) Draw the project network b) Calculate standard deviation and variance of the project length(c) What is the percentage of confidence that the project will complete at least 4 weeks earlier thenexpected time