Using Earned Value to Manage a Portfolio of Projects
LO 13.4 Use Earned Value Management for project portfolio analysis.
Earned Value Management can work at the portfolio level as well as with individual projects. The process simply involves the aggregation of all earned value measures across the firm’s entire project portfolio in order to indicate the efficiency with which a company is managing its projects. Table 13.9 gives an example of a portfolio-level Earned Value Management control table that identifies both positive and negative cost and schedule variances and, based on these evaluations, projects the cost to completion of each current project.5
TABLE 13.9 Project Portfolio Earned Value (in thousands $)
Project |
PV |
EV |
Time Var ($) ... |
|---|
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