One of the common questions in all projects, is "How much would be the final cost of the project?" or "How much would be the completion duration of the project?". Earned Value Management presents a method for estimation of these results. In general methods and formula of Earned Value Management, future trend of project, are anticipated completely based on its previous trend, and changes in envi...

Earned value management (EVM) is a well-known approach in a project control system which uses some indices to track schedule and cost performance of a project. In this paper, a new statistical framework based on self-starting monitoring and change point estimation is proposed to monitor correlated EVM indices which are usually auto-correlated over time and non-normally distributed. Also, a new ...

The role of feedback control in software and information system development has traditionally focused on a milestone plan to deliver a pre-specified set of capabilities within a negotiated budget and schedule. One of the most powerful approaches available for controlling traditional software projects is called the Earned Value system. However, the Earned Value Management process is generally go...

Different statistical process control (SPC) approaches were proposed over the years for project management using earned value management/ earned schedule. A detailed examination of these approaches has led us to express a need for a unified framework in which to test and compare them. The main drivers for this need were the lack of a formal definition for a state of control, the unavailability ...

This paper proposes an extended earned value management (EEVM) as an integrated comprehensive project progress measurement technique. The method considers all of project key success factors, simultaneously. That is the method guaranties the realistic weights achievement to implement project control and scheduling. The weights are employed to publish a correct and comprehensive progress reports ...

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...