Khesal, T; Saghaei, A; Khalilzadeh, M; Rahiminezhad Galankashi, M and Soltani, R (2019) Integrated cost, quality, risk and schedule control through earned value management (EVM). Journal of Engineering, Design and Technology, 17(1), pp. 183-203. ISSN 1726-0531
Abstract
Purpose: The purpose of this paper is to propose an integrated earned value management (EVM) approach to control quality, cost, schedule and risk of projects. Design/methodology/approach: This study represents a new EVM framework by considering a quality control index. Particularly, some control indices and cumulative buffers are defined by two proposed, methods, namely the linear- and Taguchi-based methods. These methods are implemented in three different projects in different industries. Findings: According to the results, integration of the quality index creates a better control situation by providing more accurate information. Hence, project managers could comprehensively monitor the status of important factors to make more precise decisions while maintaining the simplicity of their analysis. Originality/value: From the methodological and theoretical features, this paper offers new visions because, to the best of authors’ knowledge, no comparable study has been conducted before.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | earned value management; project management; quality management; risk management; Taguchi loss function |
| Index terms: | earned value management, integration, methodology, schedule control, project manager, quality control, quality management, project management, buffer, risk management |
| Subjects: | financial risk, project management theory and practice, research methods, quality assurance, organizational analysis, project controls, control systems, profession, risk assessment, project delivery |
| Topics: | Cost Management, Project Management, Research Practice, Roles and Professions, Risk Management, Quality Management, Organizational Design, Time Control |
| Descriptive scope: | 3 PCT |
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