Project Cost Estimate at Completion: Earned Value Management versus Earned Schedule-Based Regression Models. A Comparative Analysis of the Models Application in the Construction Projects in Romania
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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A project is any endeavor involving planned action, for example, developing a new product or constructing a dam. [CE1] Major factors for a project to be successful are applying performance measurement and feedback tool. One such well-known performance measurement tool to control the project execution is earned value management (EVM). EVM uses the fundamental principle that trends in the past ca...
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Earned Value Management is a critical project managementmethodology that evaluates project performance from cost andschedule viewpoints. The novel theoretical framework presented in thispaper estimates future performance of project regarding the past relativeinformation. It benefits from fuzzy regression (FR) models in estimationprocess in order to deal with the vagueness and impreciseness ofre...
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Earned Value Management (EVM) is a well-known cost and schedule management technique in government and defense industry projects. Its usage, however, is not as wide spread in the general software industry. In this paper we explore some of the shortcomings in EVM and suggest several improvements in the application of EVM in software development projects. In particular, we analyze the nature of s...
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ژورنال
عنوان ژورنال: ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH
سال: 2018
ISSN: 0424-267X,1842-3264
DOI: 10.24818/18423264/52.3.18.14