Static and Dynamic Determinants of Earned Value Based Time Forecast Accuracy
Kidd, Terry T
Kidd, Terry T
Publication Type
Book Chapter
Editor
Supervisor
Publication Year
2009
Journal
Book
Handbook of Research on Technology Project Management, Planning, and Operations
Publication Volume
Publication Issue
Publication Begin page
358
Publication End page
371
Publication Number of pages
Collections
Abstract
It is well-known that well managed and controlled projects are more likely to be delivered on time and within budget. The construction of a (resource-feasible) baseline schedule and the follow-up during execution are primary contributors to the success or failure of a project. Earned value management systems have been set up to deal with the complex task of controlling and adjusting the baseline project schedule during execution. Although earned value systems have been proven to provide reliable estimates for the follow-up of cost performance, they often fail to predict the total duration of the project. In this chapter, results of a large simulation study to evaluate the forecast accuracy of earned value based predictive metrics are presented. No detailed mathematical calculations are presented in the chapter, but instead an overview from a project life cycle point-of-view is presented. Details can be found at the end of the chapter (key terms and definitions) or in the references cited throughout this chapter.
Research Projects
Organizational Units
Journal Issue
Keywords
4005 Civil Engineering, 40 Engineering, 33 Built Environment and Design, 3302 Building