CHAPTER 14

Measuring, Monitoring, and Evaluating Portfolio Performance

From the moment I picked up your book until I laid it down, I was convulsed with laughter. Some day I intend to read it.

—GROUCHO MARX, COMEDIAN

The early chapters of this book described the CPIC process. Later chapters focused on specialized analytical approaches used in CPIC to select the best alternatives for achieving investment objectives; identifying and evaluating risk as a basis for making adjustments to the project schedule and budget; and planning, measuring, and controlling work activities. Many federal officials can attest that they follow similar processes and use similar analytical techniques but still face considerable risk that their agencies’ investments will ...

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