Article ID Journal Published Year Pages File Type
276016 International Journal of Project Management 2011 7 Pages PDF
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
Physical Sciences and Engineering Engineering Civil and Structural Engineering
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