Please provide a response to the discussion post below:

Benefits of Using Earned Value Management Techniques for Project Performance

Project performance using earned value management techniques provides benefits to the project and to the organization. All projects require some kind of performance measurement in order to "keep project performance on track" (PMI, 2021, p. 93). Earned value management "is one of the most effective performance measurement" tools for project management (PMI, 2019, p. 4). Earned value management can benefit a project by reliably forecasting the future performance (PMI, 2019, p. 5). Armed with that information, a skilled project manager can make adjustments and course corrections to ensure project success. As Fleming and Koppelman (2010) put it, earned value management "can help deliver better performance on any project" (p. 13).

While organizations obviously benefit from improved project performance, earned value management techniques can also be used to compare the performance of different components in a larger program or portfolio (PMI, 2019, p. 15). Earned value management techniques can benefit organizations by detecting whether or not a portfolio is generating the value initially predicted (PMI, 2019, p. 15). This information can also benefit the other projects in progress at the organization, by improving their performance and predicting when additional resources or a change of scope would be helpful in achieving project goals.