Write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Given the increasing trend of integrative project management, project portfolio management, and project offices, earned value is becoming the modus operandi for large multi-project organizations in managing critical projects. Using what you have learned this week, use the following to guide your response:
Discuss the Project Management Office (PMO) governance process.
Discuss Earned Value Management (EVM) techniques.
Explain why the Earned Value concept is important in project tracking in waterfall project methodology.
Discuss how burndown and velocity metrics are used in agile project management methodology.
USE THE FOLLOWING FOR ONE OF TWO REFERENCES (ATTACHED):
Project Management: The Managerial Process:
Chapter 3, Sections 3.2 3.3 & 3.4 (pp. 81–87)
Chapter 5 (pp. 134–155)
Chapter 13 (pp. 476–496)