applying forecasting models through estimate at completion cost of project in using earned value analysis

The Cost Monitoring of Construction Projects Through Earned Value Analysis

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,...

Forecasting Final Schedule and Cost of Projects by Using Statistical and Mathematical Method

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 ...

Estimation of Project Performance Using Earned Value Management and Fuzzy Regression

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...

Organizational Earned Value Analysis

We offer an approach for performing organization earned value analysis by taking advantage of the hierarchical structure of the GQMStrategies grid. The merger enables us to create an integrated hierarchy of business goals, value goals, and strategies for achieving those goals and to monitor and evaluate those goals at all levels. It provides a means to expand the definition of earned value metr...

Predicting project time and costs using earned value management based on trapezoidal fuzzy numbers

Projects include activities that must be carried out at certain dates, with specified costs and determined qualities in order to satisfy the stakeholders. Project control is one of the most important and widely used issues in project-based organizations and it has attracted a lot of attention. So far, in the field of project control, there have been a lot of research that were done in different...

Forecasting Value-at-risk by Using Garch Models