A new formalism and a corresponding new notation for earned value analysis are presented. With compact, consistent, mnemonic notation, earned value calculations become more transparent and flexible, leading to insights about standard quantities and advances through new measures. As an example of the notation s utility, it is used to generate a modified earned value approach that weights quantit...

In construction industry, the term ‘procurement’ is considered as a project based job where clients and contractors are always keen to observe performance indicators. These indicators represent financial and non-financial efficiency of project activities. Among these, the monitoring of financial indicators is an important function of project management. Therefore, during the construction phase,...

The earned value method is an internationally recognized project management tool for tracking progress on projects. It periodically calculates the earned value of their completed project tasks, discovers the schedule and cost variances of the projects from the baseline, and thus helps to timely take measures to adjust and control the projects. Despite its popularity, it has not been widely appl...

Before any of the current “agile” development methods, Earned Value Management provided information for planning and controlling complex projects by measuring how much “value” was produced for a given cost in a period of time. One shortcoming of an agile development method is its inability to forecast the future cost and schedule of the project beyond the use of “yesterdays weather” metrics. Th...

earned value management is a critical project managementmethodology that evaluates project performance from cost andschedule viewpoints. the novel theoretical framework presented in thispaper estimates future performance of project regarding the past relativeinformation. it benefits from fuzzy regression (fr) models in estimationprocess in order to deal with the vagueness and impreciseness ofre...

Earned Value Management (EVM) is a well-known cost and schedule management technique in government and defense industry projects. Its usage, however, is not as wide spread in the general software industry. In this paper we explore some of the shortcomings in EVM and suggest several improvements in the application of EVM in software development projects. In particular, we analyze the nature of s...