RT info:eu-repo/semantics/article
T1 Stochastic-Earned Duration Analysis for Project Schedule Management
A1 Acebes Senovilla, Fernando
A1 Poza Garcia, David Jesús
A1 González Varona, José Manuel
A1 López Paredes, Adolfo
K1 Earned duration management; Earned value management; Stochastic project control; Duration forecasting; Uncertainty
AB Earned duration management (EDM) is a methodology for project schedule management (PSM) that can be considered an alternative to earned value management (EVM). EDM provides an estimation of deviations in schedule and a final project duration estimation. There is a key difference between EDM and EVM: In EDM, the value of activities is expressed as work periods; whereas in EVM, value is expressed in terms of cost. In this paper, we present how EDM can be applied to monitor and control stochastic projects. To explain the methodology, we use a real case study with a project that presents a high level of uncertainty and activities with random durations. We analyze the usability of this approach according to the activities network topology and compare the EVM and earned schedule methodology (ESM) for PSM.
PB Elsevier
SN 2095-8099
YR 2022
FD 2022
LK https://uvadoc.uva.es/handle/10324/64873
UL https://uvadoc.uva.es/handle/10324/64873
LA eng
NO Engineering, 2022, 9 (February), 148–161.
NO Producción Científica
DS UVaDOC
RD 11-may-2024