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A Practical Guide to Earned Value Project Management, 2nd Edition by Charlene M. Budd, Charles I. Budd

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CHAPTER 1

 

Background and Motivation

Most project managers are passionate about accomplishing challenging objectives but lack similar passion for doing detailed planning, reporting progress, or explaining their success or failure in meeting baseline targets. Projects often prove difficult because project managers are striving to accomplish their targets while working through previously uncharted territory without dedicated resources. Therefore, a good deal of a project manager’s time might be spent in negotiations to acquire the resources needed.

People intimately involved in a project have knowledge that others do not possess. Sometimes we take advantage of this information asymmetry to protect the project or the project team or to buy ourselves ...

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