All of the responses are accurate when it comes to using the earned value management approach to manage project performance.
The process of completing the effort or task necessary for accomplishing an organization's goals in an effective and efficient way is referred to as management. The management functions are inferred by the process. Planning, organizing, staffing, directing, and monitoring are then included.
"Management involves forecasting and planning, organizing, commanding, coordinating, and controlling." It's Henri Fayol. Management is the method of organizing, leading, and directing the work of the organization's members while utilizing all other institutional resources to accomplish defined organisational objectives.
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