Forecasting project duration by Earned Duration Management and Risk Management
Being observed frequently that projects cannot achieve to their plan duration and their budget. Utilizing retrospective method is one of the reasons for this problem. In this research two method, Earned Duration Management and risk management, has been used to remove the gap of the plan and the real...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
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University of Tehran
2016-07-01
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| Series: | مدیریت صنعتی |
| Subjects: | |
| Online Access: | https://imj.ut.ac.ir/article_60656_3eee30ba0cce6365982d75a302dcf736.pdf |
| _version_ | 1829465987557097472 |
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| author | Akbar Alamtabriz Farnoosh Khaledian Mostafa Mehdipour |
| author_facet | Akbar Alamtabriz Farnoosh Khaledian Mostafa Mehdipour |
| author_sort | Akbar Alamtabriz |
| collection | DOAJ |
| description | Being observed frequently that projects cannot achieve to their plan duration and their budget. Utilizing retrospective method is one of the reasons for this problem. In this research two method, Earned Duration Management and risk management, has been used to remove the gap of the plan and the reality; this enable the project to utilize both high accuracy of the first method and prophecy of the second tool. First, control limits were made by Monte Carlo simulation; then, the risks were recognized, after that, project was simulated under the condition that assumed critical risk has happened. At the end, if the simulated indexes violate the limits it will be a signal that program should be revised. The final estimated duration is about two month more than the row plan, that it shows the necessity of taking accounts of risks during planning. |
| first_indexed | 2024-12-13T17:05:41Z |
| format | Article |
| id | doaj.art-9446b5e2dc064809a99ac1a796ac7b6d |
| institution | Directory Open Access Journal |
| issn | 2008-5885 2423-5369 |
| language | fas |
| last_indexed | 2024-12-13T17:05:41Z |
| publishDate | 2016-07-01 |
| publisher | University of Tehran |
| record_format | Article |
| series | مدیریت صنعتی |
| spelling | doaj.art-9446b5e2dc064809a99ac1a796ac7b6d2022-12-21T23:37:42ZfasUniversity of Tehranمدیریت صنعتی2008-58852423-53692016-07-018221724010.22059/imj.2016.6065660656Forecasting project duration by Earned Duration Management and Risk ManagementAkbar Alamtabriz0Farnoosh Khaledian1Mostafa Mehdipour2Prof., in Management, Shahidbeheshti University, Tehran, IranM.Sc. Student Industrial Management, Islamic Azad University, Tehran, IranMSc. Student Biomedical Engineering, Amirkabir University of Technology, Tehran, IranBeing observed frequently that projects cannot achieve to their plan duration and their budget. Utilizing retrospective method is one of the reasons for this problem. In this research two method, Earned Duration Management and risk management, has been used to remove the gap of the plan and the reality; this enable the project to utilize both high accuracy of the first method and prophecy of the second tool. First, control limits were made by Monte Carlo simulation; then, the risks were recognized, after that, project was simulated under the condition that assumed critical risk has happened. At the end, if the simulated indexes violate the limits it will be a signal that program should be revised. The final estimated duration is about two month more than the row plan, that it shows the necessity of taking accounts of risks during planning.https://imj.ut.ac.ir/article_60656_3eee30ba0cce6365982d75a302dcf736.pdfEarned Duration ManagementRisk Managementproject statistical controlRisk Failure Mode and Effect Analysis |
| spellingShingle | Akbar Alamtabriz Farnoosh Khaledian Mostafa Mehdipour Forecasting project duration by Earned Duration Management and Risk Management مدیریت صنعتی Earned Duration Management Risk Management project statistical control Risk Failure Mode and Effect Analysis |
| title | Forecasting project duration by Earned Duration Management and Risk Management |
| title_full | Forecasting project duration by Earned Duration Management and Risk Management |
| title_fullStr | Forecasting project duration by Earned Duration Management and Risk Management |
| title_full_unstemmed | Forecasting project duration by Earned Duration Management and Risk Management |
| title_short | Forecasting project duration by Earned Duration Management and Risk Management |
| title_sort | forecasting project duration by earned duration management and risk management |
| topic | Earned Duration Management Risk Management project statistical control Risk Failure Mode and Effect Analysis |
| url | https://imj.ut.ac.ir/article_60656_3eee30ba0cce6365982d75a302dcf736.pdf |
| work_keys_str_mv | AT akbaralamtabriz forecastingprojectdurationbyearneddurationmanagementandriskmanagement AT farnooshkhaledian forecastingprojectdurationbyearneddurationmanagementandriskmanagement AT mostafamehdipour forecastingprojectdurationbyearneddurationmanagementandriskmanagement |