Statistical Control of Time and Cost Performance Indices in Construction Projects: A Case Study
Abstract
The earned value management is a powerful and important technique
in analyzing and controlling the project performance. While it allows
exact measurement of project progress, it lets corrective actions in a
timely manner. In fact, the earned value allows project managers to
find out any project time and cost deviations by calculating the
performance indices. In this paper, to improve the applicability of the
traditional earned value technique, we develop an integrated approach
by combining statistical quality control charts with traditional earned
value technique, to monitor and control project time and cost
performances. The results applied to a real construction project
compete favorly against traditional approaches
Keywords
Information technology
Agriculture (General)
agriculture
public aspects of medicine
management. industrial management
sociology (general)
economic growth, development, planning
industrial engineering. management engineering
ethnology. social and cultural anthropology
diseases of the digestive system. gastroenterology
information theory
organizational behaviour, change and effectiveness. corporate culture
production management. operations management
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50170
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50170
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605a6bd5c047eba7a39d0f36e2adce50
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