Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System"
This paper presents an implementation and evaluation of Earned Value (EV) method of projects to improve earned value management system (EVMS) and forecasting time and cost for projects. These method use established consists of four variables: Scheduled Performance Index (SPI), Cost Performance Index...
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| Format: | Conference or Workshop Item |
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2009
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| _version_ | 1796944842733912064 |
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| author | Attarzadeh, I. Hock, O.S. |
| author_facet | Attarzadeh, I. Hock, O.S. |
| author_sort | Attarzadeh, I. |
| collection | UM |
| description | This paper presents an implementation and evaluation of Earned Value (EV) method of projects to improve earned value management system (EVMS) and forecasting time and cost for projects. These method use established consists of four variables: Scheduled Performance Index (SPI), Cost Performance Index (CPI), Cost Variance (CV), Schedule Variance (SV). The model has been validated by a simulation study using a progress generator a new software. This software was developed in Visual Studio 2008 - Visual Basic NET 2008 and Microsoft Office Project 2007 and it included some basic assumptions and data were generated day by day randomly. The results show a strong relationship between response variable and above four predictors. Therefore, it can be concluded that the model could be used in a wide range of projects for EAC estimation. |
| first_indexed | 2024-03-06T05:07:45Z |
| format | Conference or Workshop Item |
| id | um.eprints-2291 |
| institution | Universiti Malaya |
| last_indexed | 2024-03-06T05:07:45Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | um.eprints-22912011-11-24T08:29:15Z http://eprints.um.edu.my/2291/ Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System" Attarzadeh, I. Hock, O.S. QA75 Electronic computers. Computer science This paper presents an implementation and evaluation of Earned Value (EV) method of projects to improve earned value management system (EVMS) and forecasting time and cost for projects. These method use established consists of four variables: Scheduled Performance Index (SPI), Cost Performance Index (CPI), Cost Variance (CV), Schedule Variance (SV). The model has been validated by a simulation study using a progress generator a new software. This software was developed in Visual Studio 2008 - Visual Basic NET 2008 and Microsoft Office Project 2007 and it included some basic assumptions and data were generated day by day randomly. The results show a strong relationship between response variable and above four predictors. Therefore, it can be concluded that the model could be used in a wide range of projects for EAC estimation. 2009 Conference or Workshop Item PeerReviewed Attarzadeh, I. and Hock, O.S. (2009) Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System". In: International Conference on Information Management and Engineering, APR 03-05, 2009 , Kuala Lumpur, MALAYSIA. http://apps.webofknowledge.com/full_record.do?product=UA&search_mode=Refine&qid=2&SID=Q2FO1CanKo2HahGJAO3&page=17&doc=161&cacheurlFromRightClick=no |
| spellingShingle | QA75 Electronic computers. Computer science Attarzadeh, I. Hock, O.S. Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System" |
| title | Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System" |
| title_full | Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System" |
| title_fullStr | Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System" |
| title_full_unstemmed | Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System" |
| title_short | Implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve "Earned Value Management System" |
| title_sort | implementation and evaluation of earned value index to achieve an accurate project time and cost estimation and improve earned value management system |
| topic | QA75 Electronic computers. Computer science |
| work_keys_str_mv | AT attarzadehi implementationandevaluationofearnedvalueindextoachieveanaccurateprojecttimeandcostestimationandimproveearnedvaluemanagementsystem AT hockos implementationandevaluationofearnedvalueindextoachieveanaccurateprojecttimeandcostestimationandimproveearnedvaluemanagementsystem |