Tampere University of Technology

TUTCRIS Research Portal

Improving project control by combining earned value analysis and automatic data collection

Research output: Chapter in Book/Report/Conference proceedingConference contributionProfessional

Details

Original languageEnglish
Title of host publicationInternational Research Network in Organizing by Projects Conference 2015
Subtitle of host publicationIRNOP
Place of PublicationLondon, U.K.
Pages1
Number of pages17
Publication statusPublished - 2015
Publication typeD3 Professional conference proceedings
EventInternational Research Network in Organizing by Projects Research Conference -
Duration: 1 Jan 1900 → …

Conference

ConferenceInternational Research Network in Organizing by Projects Research Conference
Period1/01/00 → …

Abstract

Efficient control is critical for project success. One of the most widely discussed project control methods is earned value analysis (EVM). The accuracy of EVM calculations can be improved by combining it with automatic data collection (ADC). This paper analyzes the possibilities of combining EVM and ADC, and the main benefits and challenges related to that. A literature review was conducted to answer these questions. The study demonstrates how the problems related to the evaluation of activity progress have received surprisingly little research focus, and how ADC could be utilized to improve this area of EVM. The benefits of ADC are also not limited to just EVM; despite the choice of a project control methodology, ADC can be utilized to evaluate project progress in a continuous and more accurate way. Finally, it is demonstrated how even the “ADC-enhanced EVM” doesn’t provide an adequate image of project status alone; EVM has to be combined with other project control methodologies. Based on the literature review, several areas for further research are also proposed.

Publication forum classification

Field of science, Statistics Finland