Engineering Projects Assessment Using Earned Value Management with Performance Indexes Evaluation and Statistical Methods [chapter]

J. Rubio, J. I. Muñoz, J. R. Otegi
2015 Lecture Notes in Management and Industrial Engineering  
One of the main key factors during the project life cycle is the control of the project´s real status against the planned one. It allows project manager to evaluate its health and to take corrective actions if needed. An efficient control requires an integrated supervision of the project performance, scheduling and costs. Earned Value Management (EVM) is a method that integrates these three parameters in a quantifiable form and therefore its use has been extended both in private and public
more » ... ate and public companies. The latest research works about EVM go through the evaluation of the performance indexes and forecasting formulas, the applicability to any type of project and the consideration of specific projects issues such as the technical performance. This work presents the application of EVM to two real projects where the technical performance is a driver, and the further analysis of resulting EVM indexes. For the experiment, besides real data, several probable scenarios have been generated applying statistical methods by Montecarlo simulations to evaluate the efficiency of the EVM performance indexes in this type of projects
doi:10.1007/978-3-319-12754-5_5 fatcat:i7k5wt62arajbdydgtwgffqld4