Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System"

Attarzadeh, I. and Hock, O.S. (2009) Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System". In: International Conference on Information Management and Engineering, APR 03-05, 2009 , Kuala Lumpur, MALAYSIA.

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Abstract

This paper presents an implementation and evaluation of Earned Value (EV) method of projects to improve earned value management system (EVMS) and forecasting time and cost for projects. These method use established consists of four variables: Scheduled Performance Index (SPI), Cost Performance Index (CPI), Cost Variance (CV), Schedule Variance (SV). The model has been validated by a simulation study using a progress generator a new software. This software was developed in Visual Studio 2008 - Visual Basic NET 2008 and Microsoft Office Project 2007 and it included some basic assumptions and data were generated day by day randomly. The results show a strong relationship between response variable and above four predictors. Therefore, it can be concluded that the model could be used in a wide range of projects for EAC estimation.

Item Type: Conference or Workshop Item (Paper)
Funders: UNSPECIFIED
Additional Information: Univ Malaya, Dept Software Engn, Fac Comp Sci & Informat Technol, Kuala Lumpur 50603, Malaysia
Uncontrolled Keywords: Earned Value; Performance Management; Time and Cost Forecasting; Schedule Performance Index; Cost Performance Index
Subjects: Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Divisions: Faculty of Computer Science & Information Technology
Depositing User: Mr. Faizal Hamzah
Date Deposited: 24 Nov 2011 08:29
Last Modified: 24 Nov 2011 08:29
URI: http://eprints.um.edu.my/id/eprint/2291

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