Given the increasing trend of integrative project management, project portfolio management, and project offices, earned value is becoming the modus operandi for large multiproject 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.