Project Performance Improvement through the Earned Value Management System

Earned Value Management is a methodology for determining the cost, technical, and schedule performances of a complex program or project by comparing work that is planned with work that is accomplished in terms of the dollar value assigned to the work. In this paper we propose two new metrics that combine Earned Value Management (EVM) and Project Risk Management for project controlling and monitoring. We compare EVM cost and schedule variances with the deviation the project should have under the risk analysis expected conditions.These two indexes allow project managers to analyse whether the project over-runs are within expected variability or there are structural and systemic changes over the project life cycle. The new monitoring indexes we present are the Cost Control Index and the Schedule Control Index

کلیدواژه ها:

Earned Value Management ، Project management ، Project Performance Improvement