The most important aim of every project is on time completion, budget consideration and reaching the highest possible quality, based on contract. This paper suggests a methodology for risk management in engineering, procurement, and construction (EPC) projects. Risk management enables project teams to perform with minimum deviation from predetermined goals. The proposed methodology identifies a...

In the past few years, there has been an increasing interest in developing project control systems. The primary purpose of such systems is to indicate whether the actual performance is consistent with the baseline and to produce a signal in the case of non-compliance. Recently, researchers have shown an increased interest in monitoring project’s performance indicators, by plotting them on the S...

To the Editor: Although I enjoyed the article titled “Value-Based Software Engineering: A Case Study” (Barry Boehm and Li Guo Huang, March 2003, pp. 33-41), as a newly minted Project Management Professional and a contributor to the Project Management Institute’s Earned Value Analysis team, I was disappointed with the authors’ use of nonstandard terminology. The authors renamed the traditional t...

a project is any endeavor involving planned action, for example, developing a new product or constructing a dam. [ce1] major factors for a project to be successful are applying performance measurement and feedback tool. one such well-known performance measurement tool to control the project execution is earned value management (evm). evm uses the fundamental principle that trends in the past ca...

Earned Value Management Method (EVM), widely used in the world, is a project management method of costschedule integrated control. But the traditional EVM sometimes cannot provide an accurate result. In this paper, a practical method is given to analyze the project performance, in which the Network Diagram Method and the Critical Path Method have been introduced into EVM system that can better ...