Can earned value be used to manage a portfolio of projects? If so, how would this analysis proceed?
What will be an ideal response?
I'm glad you asked! Earned value management can indeed be used at the portfolio level. The process involves the aggregation of all earned value measures across the firm's entire project portfolio in order to give an indication as to the efficiency with which a company is managing its projects. Each project is described by its own EVM calculations and these calculations are rolled up into an overall portfolio number that reflects schedule and cost variance and estimated completion costs.
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The ________ is a skewed distribution whose shape depends solely on the number of degrees of freedom. As the number of degrees of freedom increases, the distribution becomes more symmetrical
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