TAILIEUCHUNG - Predicting project duration and cost, and selecting the best action plan using statistical methods for earned value management

The purpose of this paper is to present a method for predicting project duration and cost of the project and selecting the best action plan. Control charts are used along with the earned value management method to increase accuracy. | Predicting project duration and cost and selecting the best action plan using statistical methods for earned value management Journal of Project Management 5 2020 Contents lists available at GrowingScience Journal of Project Management homepage Predicting project duration and cost and selecting the best action plan using statistical methods for earned value management Sajad Soltana and Maryam Ashrafia a Department of Industrial Engineering amp Management Systems Amirkabir University of Technology Tehran Iran CHRONICLE ABSTRACT Article history Nowadays with the increasing number of projects in organizations managers are enthusi- Received March 1 2020 astic about managing and controlling projects and as projects become more complex and Received in revised format cause unforeseen risks project management becomes even more critical. Using the earned March 7 2020 value management method to control the current status of projects and predicting the future Accepted March 19 2020 Available online status of projects has had many advantages. Representing the status of the project and pre- March 19 2020 dicting the project performance by various indicators are some features of this method. As Keywords these indicators are deterministic the risk of the prediction increases when the number of Project management risks goes up in a project. Therefore statistical methods can be employed to estimate the Earned value management statistical distribution of risks and notably boost predicting accuracy. The purpose of this Control charts paper is to present a method for predicting project duration and cost of the project and se- Action plan selection lecting the best action plan. Control charts are used along with the earned value management Duration forecasting method to increase accuracy. This model also provides the possibility of selecting the best Cost forecasting Empirical database action plan to improve project performance. Moreover this method can be .

• Quản lý dự án
• Action plan selection
• Earned value management
• Project duration and cost
• Current status of project
• ANSI EIA 748 A