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dc.contributor.authorBatselier, Jordy
dc.contributor.authorVanhoucke, Mario
dc.date.accessioned2017-12-02T14:53:15Z
dc.date.available2017-12-02T14:53:15Z
dc.date.issued2015
dc.identifier.doi10.1016/j.ijproman.2015.04.003
dc.identifier.urihttp://hdl.handle.net/20.500.12127/5206
dc.description.abstractIn recent years, a variety of novel approaches for fulfilling the important management task of accurately forecasting project duration have been proposed, with many of them based on the earned value management (EVM) methodology. However, these state-of-the-art approaches have often not been adequately tested on a large database, nor has their validity been empirically proven. Therefore, we evaluate the accuracy and timeliness of three promising deterministic techniques and their mutual combinations on a real-life project database. More specifically, two techniques respectively integrate rework and activity sensitivity in EVM time forecasting as extensions, while a third innovatively calculates schedule performance from time-based metrics and is appropriately called earned duration management or EDM(t). The results indicate that all three of the considered techniques are relevant. More concretely, the two EVM extensions exhibit accuracy-enhancing power for different applications, while EDM(t) performs very similar to the best EVM methods and shows potential to improve them.
dc.language.isoen
dc.subjectProject Management
dc.subjectTime Forecasting
dc.subjectEarned Value Management
dc.subjectEarned Duration Management
dc.subjectRework
dc.subjectSensitivity Measures
dc.subjectEmpirical Database
dc.subjectProject Control
dc.titleEvaluation of deterministic state-of-the-art forecasting approaches for project duration based on earned value management
dc.identifier.journalInternational Journal of Project Management
dc.source.volume33
dc.source.issue7
dc.source.beginpage1588
dc.source.endpage1596
vlerick.knowledgedomainOperations & Supply Chain Management
vlerick.typearticleJournal article with impact factor
vlerick.vlerickdepartmentTOM
dc.identifier.vperid177000
dc.identifier.vperid58614
dc.identifier.vpubid6455


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