Assignment 11Chapter10 Example | Topics and Well Written Essays - 500 words

11Chapter10 - Assignment Example Routine reports are supposed to be primed and submitted on issues required by the organization for the purpose of helping the organization management to take actions in the issues that are related to daily affairs of the business. The main aim of routine report is to make the management aware of the happenings within the organization, progress where there might be a deviation, and what kind of resolutions made in conjunction with solving the problem. There are few problems associated with routine reporting; one is that data collected and submitted within the organization is neither complete nor accurate for the purpose of tracking outcomes or process performance across the entire organization. Secondly, systematic evaluation of data may be hit with challenges as a result of inconsistencies (Meredith & Mantel, 2012). The main purpose of earned value measures the entire organization performance by use of an aggregate performance measure which is the earned value. The earned value of performed work for any task in progress is obtained by multiplying the estimated percent physical completion of task for each task by the planned cost for those particular tasks. The result should be the amount that may have been spent on the activity thus far; this can then be paralleled with the actual amount that has been spent (Meredith & Mantel, 2012). Having a summarized estimate of the percent completion of any project without keen study of every of its work and tasks units is not sensible in a