Much of this weeks lecture revolved around financial estimations in regards to how much work has been done vs how much was scheduled to be done in the planning phase. During the Monitoring and Controlling phase, it is important to calculate how much work has been completed, and how much money has been spent in order to ensure the project remains on task. Doing the (Earned Value – Actual Cost) calculation is incredibly important for financial standards during the project. My question stems from the (Planned Value – Earned Value) calculation. This is absolutely an important aspect to reflect on in terms of keeping on schedule, but it seems like an added step in the process to put the amount of work done into a financial number in order to compare to the expected work completed. Additionally, it doesn’t seem like to most effective way to state the work completed on the project during the development process. Has anybody had any first hand experience with calculating the progress completed in terms of earned value?