Leu, S S and Lin, Y C (2008) Project performance evaluation based on statistical process control techniques. Journal of Construction Engineering and Management, 134(10), pp. 813-819. ISSN 0733-9364
Abstract
The earned value management (EVM) method is considered as a powerful tool that supports the management of project scope, time, and cost. However, conventional EVM may cause some project managers to ignore the information that it can provide about the performance variations of their projects as well as their causes and effects. This paper attempts to refine and improve the performance of traditional EVM by the introduction of statistical control chart techniques. Individual control charts are used as tools to monitor project performance data so that adverse changes can be detected in a timely manner. This allows analysis of in-progress project cost and schedule performance variations and highlights possible needs for corrective action. A comparative analysis between traditional EVM and the new approach is undertaken to identify the effectiveness of the new approach.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | data analysis; management methods; process control; project management; statistics |
| Index terms: | comparative analysis, project cost, earned value management, data analysis, schedule performance, variation, management method, process control, project manager, statistics, project management, project scope, project performance, effectiveness |
| Subjects: | data analysis and analytics, profession, mathematical modelling, scope management, control systems, project controls, management, performance management, economics, contractual condition, project management theory and practice |
| Topics: | Contract Administration, Time Control, Quality Management, Roles and Professions, Project Management, Research Practice, Engineering Principles, Cost Management, Business Strategy |
| Descriptive scope: | 3 PCA |
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