The question of whether the benefits of the earned value management process exceed the costs has not been adequately reported in the literature. Several studies report the costs but ignore the benefits. Others focus on the benefits, but ignore the costs. For example, a widely circulated report by Coopers & Lybrand and TASC (1994) concludes that the DOD regulatory cost is significant, and the re...

The earned value technique is a crucial and important technique in analysis and control the performance and progress of mega projects by integrating three elements of them, i.e., time, cost and scope. This paper proposes a new version of earned value analysis (EVA) to handle uncertainty in mega projects under interval-valued fuzzy (IVF)-environment. Considering that uncertainty is very common i...

The earned value method is an internationally recognized project management tool for tracking progress on projects. It periodically calculates the earned value of their completed project tasks, discovers the schedule and cost variances of the projects from the baseline, and thus helps to timely take measures to adjust and control the projects. Despite its popularity, it has not been widely appl...

plex project. But it has absolutely nothing to say about the stakeholder value of the system the project is developing. It serves a purpose, but needs to be incorporated into feedback control systems that focus on the real stakeholder value being earned. The value-based software engineering agenda, described in the “Accounting for Value in Software Engineering” sidebar, seeks to integrate value...

Earned Value Management (EVM) is a methodology combining scope, schedule, and resource measurements to assess project performance progress. It involves integrating the three critical elements of covering work cost. Various benefits are associated with use EVM in management. This research aims analyze four units building construction projects using method consisting an analysis performance, esti...

A new formalism and a corresponding new notation for earned value analysis are presented. With compact, consistent, mnemonic notation, earned value calculations become more transparent and flexible, leading to insights about standard quantities and advances through new measures. As an example of the notation s utility, it is used to generate a modified earned value approach that weights quantit...

Before any of the current “agile” development methods, Earned Value Management provided information for planning and controlling complex projects by measuring how much “value” was produced for a given cost in a period of time. One shortcoming of an agile development method is its inability to forecast the future cost and schedule of the project beyond the use of “yesterdays weather” metrics. Th...