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Improving the Forecasting Accuracy of a Project Status Using the Inputs of Earned Value Management – A Review ArticleBy Sudhanva N, B Prakash Rao
Abstract: The earned value method (EVM) is recognized as a viable method for evaluating and forecasting project cost performance. Its application to schedule performance forecasting has been limited due to poor accuracy. The index based EVM forecasting methods are deterministic approaches having large forecasting errors in the initial stages of a project. Hence this paper gives a brief overview of the advanced accurate approaches like Kalman filter, growth model and linear …
Published in Journal of Construction Engineering, Technology & Management · Vol. 5, Issue 3, 2015 · pp. 13–17 Read article →