Please do not give solution in image formate thanku  Your project is to paint a 20-storey building with 4 paints and your budget is $20,000/floor and your estimate is to complete the project in 20 months. How does earned value give a clearer picture of project schedule and cost status than a simple plan versus an actual system? Please keep your answer within 300 words.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 21P
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Your project is to paint a 20-storey building with 4 paints and your budget is $20,000/floor and your estimate is to complete the project in 20 months. How does earned value give a clearer picture of project schedule and cost status than a simple plan versus an actual system? Please keep your answer within 300 words.

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