Earned Schedule min-max: Two new EVM metrics for monitoring and controlling projects

[EN] Earned Value Management (EVM) is a well-known project management technique for monitoring project pro-gress. Over the last 15 years, many promising EVM metrics have been proposed to get, among other improve-ments, better actual project duration and cost estimates. Papers comparing the performan...

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Autores: Ballesteros-Pérez, Pablo|||0000-0002-4629-9664, González-Cruz, María-Carmen|||0000-0002-6987-5732, Fuentes Bargues, José Luis|||0000-0003-4877-3291, Pellicer, Eugenio|||0000-0001-9100-0644, Sanz-Ablanedo, E., Mora-Melià, Daniel
Tipo de recurso: artículo
Fecha de publicación:2019
País:España
Institución:Universitat Politècnica de València (UPV)
Repositorio:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
Idioma:inglés
OAI Identifier:oai:riunet.upv.es:10251/140859
Acceso en línea:https://riunet.upv.es/handle/10251/140859
Access Level:acceso abierto
Palabra clave:Earned value
Earned schedule
Earned duration
Project duration
Deterministic techniques
PROYECTOS DE INGENIERIA
INGENIERIA DEL TERRENO
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network_acronym_str ES
network_name_str España
repository_id_str
spelling Earned Schedule min-max: Two new EVM metrics for monitoring and controlling projectsBallesteros-Pérez, Pablo|||0000-0002-4629-9664González-Cruz, María-Carmen|||0000-0002-6987-5732Fuentes Bargues, José Luis|||0000-0003-4877-3291Pellicer, Eugenio|||0000-0001-9100-0644Sanz-Ablanedo, E.Mora-Melià, DanielEarned valueEarned scheduleEarned durationProject durationDeterministic techniquesPROYECTOS DE INGENIERIAINGENIERIA DEL TERRENO[EN] Earned Value Management (EVM) is a well-known project management technique for monitoring project pro-gress. Over the last 15 years, many promising EVM metrics have been proposed to get, among other improve-ments, better actual project duration and cost estimates. Papers comparing the performance of all these metricsare, however, scarce and sometimes contradictory.In this paper, a simulation and empirical comparison of 26 deterministic project duration forecasting tech-niques under the EVM framework is developed. Among them, two new metrics: Earned Schedule min (ESmin) andEarned Schedule max (ESmax) are proposed.ESminandESmaxoffer a new and simpler activity-level calculationapproach of the traditional Earned Schedule metric. Top performing (most accurate) metrics: Earned Schedule(ES), Earned Duration (ED) and Effective Earned Schedule (ES(e)) with Performance Factor 1 (PF= 1), areslightly outperformed by the new metrics which also offer some interesting applications for enhanced projectcontrol.The first author acknowledges the Spanish Ministry of Science, Innovation and Universities for his Ramon y Cajal contract (RYC-2017-22222) co -funded by the European Social Fund. This work was also supported by the second author's "Estancias de movilidad en el extranjero Jose Castillejo para jovenes doctores, 2017 (grant ref. CAS17/00488)" and the fourth author's "Estancias de profesores e investigadores senior en centros extranjeros, incluido el programa "Salvador de Madariaga" 2018 (grant ref. PRX18/00381)", both also from the Spanish Ministry of Science, Innovation and UniversitiesElsevierDepartamento de Ingeniería de la Construcción y de Proyectos de Ingeniería CivilDepartamento de Proyectos de IngenieríaEscuela Técnica Superior de Ingeniería de Caminos, Canales y PuertosEscuela Técnica Superior de Ingeniería IndustrialGrupo de Gestión del Proceso Proyecto-ConstrucciónCentro de Investigación en Dirección de Proyectos, Innovación y Sostenibilidad (PRINS)Agencia Estatal de InvestigaciónMinisterio de Educación, Cultura y DeporteMinisterio de Ciencia, Innovación y UniversidadesRepositorio Institucional de la Universitat Politècnica de València Riunet20192019-07-01journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfapplication/pdfhttps://riunet.upv.es/handle/10251/140859reponame:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valénciainstname:Universitat Politècnica de València (UPV)InglésengAgencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 RYC-2017-22222Ministerio de Ciencia, Innovación y Universidades https://doi.org/10.13039/100014440 PRX18%2F00381Ministerio de Educación y Cultura http://dx.doi.org/10.13039/501100003176 CAS17%2F00488open accesshttp://purl.org/coar/access_right/c_abf2Reserva de todos los derechoshttp://rightsstatements.org/vocab/InC/1.0/info:eu-repo/semantics/openAccessoai:riunet.upv.es:10251/1408592026-06-13T07:49:27Z
dc.title.none.fl_str_mv Earned Schedule min-max: Two new EVM metrics for monitoring and controlling projects
title Earned Schedule min-max: Two new EVM metrics for monitoring and controlling projects
spellingShingle Earned Schedule min-max: Two new EVM metrics for monitoring and controlling projects
Ballesteros-Pérez, Pablo|||0000-0002-4629-9664
Earned value
Earned schedule
Earned duration
Project duration
Deterministic techniques
PROYECTOS DE INGENIERIA
INGENIERIA DEL TERRENO
title_short Earned Schedule min-max: Two new EVM metrics for monitoring and controlling projects
title_full Earned Schedule min-max: Two new EVM metrics for monitoring and controlling projects
title_fullStr Earned Schedule min-max: Two new EVM metrics for monitoring and controlling projects
title_full_unstemmed Earned Schedule min-max: Two new EVM metrics for monitoring and controlling projects
title_sort Earned Schedule min-max: Two new EVM metrics for monitoring and controlling projects
dc.creator.none.fl_str_mv Ballesteros-Pérez, Pablo|||0000-0002-4629-9664
González-Cruz, María-Carmen|||0000-0002-6987-5732
Fuentes Bargues, José Luis|||0000-0003-4877-3291
Pellicer, Eugenio|||0000-0001-9100-0644
Sanz-Ablanedo, E.
Mora-Melià, Daniel
author Ballesteros-Pérez, Pablo|||0000-0002-4629-9664
author_facet Ballesteros-Pérez, Pablo|||0000-0002-4629-9664
González-Cruz, María-Carmen|||0000-0002-6987-5732
Fuentes Bargues, José Luis|||0000-0003-4877-3291
Pellicer, Eugenio|||0000-0001-9100-0644
Sanz-Ablanedo, E.
Mora-Melià, Daniel
author_role author
author2 González-Cruz, María-Carmen|||0000-0002-6987-5732
Fuentes Bargues, José Luis|||0000-0003-4877-3291
Pellicer, Eugenio|||0000-0001-9100-0644
Sanz-Ablanedo, E.
Mora-Melià, Daniel
author2_role author
author
author
author
author
dc.contributor.none.fl_str_mv Departamento de Ingeniería de la Construcción y de Proyectos de Ingeniería Civil
Departamento de Proyectos de Ingeniería
Escuela Técnica Superior de Ingeniería de Caminos, Canales y Puertos
Escuela Técnica Superior de Ingeniería Industrial
Grupo de Gestión del Proceso Proyecto-Construcción
Centro de Investigación en Dirección de Proyectos, Innovación y Sostenibilidad (PRINS)
Agencia Estatal de Investigación
Ministerio de Educación, Cultura y Deporte
Ministerio de Ciencia, Innovación y Universidades
Repositorio Institucional de la Universitat Politècnica de València Riunet
dc.subject.none.fl_str_mv Earned value
Earned schedule
Earned duration
Project duration
Deterministic techniques
PROYECTOS DE INGENIERIA
INGENIERIA DEL TERRENO
topic Earned value
Earned schedule
Earned duration
Project duration
Deterministic techniques
PROYECTOS DE INGENIERIA
INGENIERIA DEL TERRENO
description [EN] Earned Value Management (EVM) is a well-known project management technique for monitoring project pro-gress. Over the last 15 years, many promising EVM metrics have been proposed to get, among other improve-ments, better actual project duration and cost estimates. Papers comparing the performance of all these metricsare, however, scarce and sometimes contradictory.In this paper, a simulation and empirical comparison of 26 deterministic project duration forecasting tech-niques under the EVM framework is developed. Among them, two new metrics: Earned Schedule min (ESmin) andEarned Schedule max (ESmax) are proposed.ESminandESmaxoffer a new and simpler activity-level calculationapproach of the traditional Earned Schedule metric. Top performing (most accurate) metrics: Earned Schedule(ES), Earned Duration (ED) and Effective Earned Schedule (ES(e)) with Performance Factor 1 (PF= 1), areslightly outperformed by the new metrics which also offer some interesting applications for enhanced projectcontrol.
publishDate 2019
dc.date.none.fl_str_mv 2019
2019-07-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://riunet.upv.es/handle/10251/140859
url https://riunet.upv.es/handle/10251/140859
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv Agencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 RYC-2017-22222
Ministerio de Ciencia, Innovación y Universidades https://doi.org/10.13039/100014440 PRX18%2F00381
Ministerio de Educación y Cultura http://dx.doi.org/10.13039/501100003176 CAS17%2F00488
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Reserva de todos los derechos
http://rightsstatements.org/vocab/InC/1.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Reserva de todos los derechos
http://rightsstatements.org/vocab/InC/1.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
instname:Universitat Politècnica de València (UPV)
instname_str Universitat Politècnica de València (UPV)
reponame_str RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
collection RiuNet. Repositorio Institucional de la Universitat Politécnica de Valéncia
repository.name.fl_str_mv
repository.mail.fl_str_mv
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