An optimization model based dynamic EVM and its visualization technique for complex projects

DOI

10.2991/icaicte.2013.170How to use a DOI?

Keywords

dynamic EVM forecast; similarity matrix; Four-quadrant Diagram of Schedule-Cost; Earned Value Divergence

Abstract

The supervision of Complex equipment development (CED) projects is facing a lot of challenges in scheduling and cost control. In this paper, we presented a dy-namic earned value management (DEVM) model based on mathematical programming for the real-time forecast of schedule/cost of CED projects. A similarity matrix of the items was intro-duced into the model to improve the accuracy of the forecasts. Moreover, we proposed a practical technique called Four-quadrant Diagram of Schedule-Cost to dynamically visualize the performances of a CED project, and a new index named Earned Value Diver-gence to evaluate to what degree the project is controlled. Finally, a case study was provided to illustrate the per-formance of this method.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yun Tian
AU  - Ying-ying Yuan
AU  - Jin-long Cao
AU  - Yi-yong Xiao
PY  - 2013/08
DA  - 2013/08
TI  - An optimization model based dynamic EVM and its visualization technique for complex projects
BT  - Proceedings of the 2013 International Conference on Advanced ICT and Education
PB  - Atlantis Press
SP  - 833
EP  - 839
SN  - 1951-6851
UR  - https://doi.org/10.2991/icaicte.2013.170
DO  - 10.2991/icaicte.2013.170
ID  - Tian2013/08
ER  -