Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
276016 | International Journal of Project Management | 2011 | 7 Pages |
Abstract
In this paper we propose two new metrics that combine Earned Value Management (EVM) and Project Risk Management for project controlling and monitoring. We compare EVM cost and schedule variances with the deviation the project should have under the risk analysis expected conditions.These two indexes allow project managers to analyse whether the project over-runs are within expected variability or there are structural and systemic changes over the project life cycle. The new monitoring indexes we present are the Cost Control Index and the Schedule Control Index.
Related Topics
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Civil and Structural Engineering
Authors
Javier Pajares, Adolfo López-Paredes,