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dc.contributor.authorKerkhove, Louis-Philippe
dc.contributor.authorVanhoucke, Mario
dc.date.accessioned2017-12-02T15:00:24Z
dc.date.available2017-12-02T15:00:24Z
dc.date.issued2017
dc.identifier.doi10.1016/j.ijproman.2016.10.014
dc.identifier.urihttp://hdl.handle.net/20.500.12127/5705
dc.description.abstractThis research introduces novel control metrics for projects that use cost and/or time incentives. The proposed technique extends the traditional earned value management (EV M) methodology for project control. This is done by measuring the deviation in the accrual of incentives, rather than the time and cost performance relative to the planned schedule. The proposed dedicated approach avoids two key issues when controlling incentivized projects using traditional earned value management. Firstly, the impact of variations in the cost and time dimensions are adequately weighted in the control signals. Secondly, the technique is capable of monitoring the potential non-linear accrual of incentive amounts throughout the project. The performance of the proposed technique is tested by means of a computational experiment on 4200 projects of varying size, structure and type of incentive contract. The results show that the proposed technique improves signal quality when compared to traditional EV M metrics.
dc.language.isoen
dc.subjectOperations & Supply Chain Management
dc.subjectProject Management
dc.titleExentensions of earned value management: Using the earned incentive metric to improve signal quality
dc.identifier.journalInternational Journal of Project Management
dc.source.volume35
dc.source.issue2
dc.source.beginpage148
dc.source.endpage168
vlerick.knowledgedomainOperations & Supply Chain Management
vlerick.supervisor
vlerick.typearticleArticle in academic journal
vlerick.vlerickdepartmentTOM
dc.identifier.vperid172084
dc.identifier.vperid58614
dc.identifier.vpubid7010


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