Forecasting Accurate Cost Estimate at Completion Using Earned Value Management Along with 6 Sigma Method for Running Projects
نویسندگان
چکیده
منابع مشابه
applying forecasting models through estimate at completion cost of project in using earned value analysis
earned value management (evm) is the process of integrating the time and cost management within the framework of project scope management. the earned value has provided methods for predicting the cost for projects. in large part, these methods have not been improved upon since their beginnings and remain unsubstantiated as to accuracy. in this direction, several mathematics formulas have been d...
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In construction industry, the term ‘procurement’ is considered as a project based job where clients and contractors are always keen to observe performance indicators. These indicators represent financial and non-financial efficiency of project activities. Among these, the monitoring of financial indicators is an important function of project management. Therefore, during the construction phase,...
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Earned value management (EVM) has prepared some methods to forecast final costs of projects. These methods were not developed since the start of formation and were gradually completed, of course with one exception that is its authenticity, they are still remained unchanged. At the present time EVM guide does not apply from schedule indices to forecast schedule for completion of project and ...
متن کاملEarned - Value Management Terminology
To the Editor: Although I enjoyed the article titled “Value-Based Software Engineering: A Case Study” (Barry Boehm and Li Guo Huang, March 2003, pp. 33-41), as a newly minted Project Management Professional and a contributor to the Project Management Institute’s Earned Value Analysis team, I was disappointed with the authors’ use of nonstandard terminology. The authors renamed the traditional t...
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This paper proposes a formal method for including time dependence into Earned Value (EV) management. The model requires three parameters, which map directly to the fundamental “triple constraint” of scope, cost, and schedule: the reject rate of activities, the cost overrun parameter, and the time to repair the rejected activities. Time dependent expressions for the planned value, earned value, ...
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ژورنال
عنوان ژورنال: International Review of Management and Business Research
سال: 2018
ISSN: 2307-5953,2306-9007
DOI: 10.30543/7-2(2018)-30