Using the re-carpeting project as your model, compare and contrast the effect of monitoring performance against the earned value baseline. You will have to analyze your project data to build the monitoring performance and earned value baseline data required to complete this assignment. To begin your paper, provide a summary of the project. Include the following in the final report:

Verification of viability

Establishment of variance thresholds

Detailed list of overhead with justification of needs

Management oversight

Schedule variance

Be succinct in your explanation and provide a recommendation of which approach, performance monitoring or earned value, will be more effective.

A diagram should be inserted to provide a model of the monitoring to be implemented.

Support your paper with a minimum of five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Length: 12 pages not including title and reference pages

Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.