Applied research of earned value theory in the engineering project management

Yaping Wang, Sijun Bai, Yuntao Guo

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

5 Scopus citations

Abstract

The three objectives of a project are quality, cost and schedule, and the traditional EV theory is on the integrated control of schedule and cost. In this paper, the quality is considered, so that the three objectives can be controlled at the same time. This paper establishes a tri-relationship among them using an econometric mode, analyzes the state of a project at a certain time, determines the cost overruns or savings, the schedule delay or ahead of, uses the relationship between time and cost and takes effective corrective measures to achieve dynamic and optimal management.

Original languageEnglish
Title of host publicationICEMMS 2011 - Proceedings
Subtitle of host publication2011 2nd IEEE International Conference on Emergency Management and Management Sciences
Pages595-598
Number of pages4
DOIs
StatePublished - 2011
Event2011 2nd IEEE International Conference on Emergency Management and Management Sciences, ICEMMS 2011 - Beijing, China
Duration: 8 Aug 201110 Aug 2011

Publication series

NameICEMMS 2011 - Proceedings: 2011 2nd IEEE International Conference on Emergency Management and Management Sciences

Conference

Conference2011 2nd IEEE International Conference on Emergency Management and Management Sciences, ICEMMS 2011
Country/TerritoryChina
CityBeijing
Period8/08/1110/08/11

Keywords

  • earned value
  • optimum combination
  • project management
  • substituted ratio of time and cost

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