Modification of EVM by Scenarios

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F17%3A76211" target="_blank" >RIV/60460709:41110/17:76211 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Modification of EVM by Scenarios

Popis výsledku v původním jazyce

The paper brings a new perspective to the monitoring of actual costs for Earned Value Management in projects. Costs in phase of implementation of the project vary depending on the internal and external factors, which cannot be clearly pre-dicted in advance. In the practice of project management, actual costs (AC) are usually not sufficiently known and so they are very often only estimated during the project duration. For the Earned Value Management (EVM), while tracking project progress, knowledge of the AC is crucial. Any distortion or incorrect estimate of the AC leads to distortion of all EVM characteristics. CPI (Cost Performance Index) and CV% (Cost Variance) within EVM describe the status and progress of the pro-ject and demonstrate its success, are based on correct value of AC, and thus AC bi-as leads to bias and distortion of any prediction of future cost development (ETC, EAC, etc.) . Our proposal published in this paper is based on the use of optimistic, neutral and pessimistic scenarios fo

Název v anglickém jazyce

Modification of EVM by Scenarios

Popis výsledku anglicky

The paper brings a new perspective to the monitoring of actual costs for Earned Value Management in projects. Costs in phase of implementation of the project vary depending on the internal and external factors, which cannot be clearly pre-dicted in advance. In the practice of project management, actual costs (AC) are usually not sufficiently known and so they are very often only estimated during the project duration. For the Earned Value Management (EVM), while tracking project progress, knowledge of the AC is crucial. Any distortion or incorrect estimate of the AC leads to distortion of all EVM characteristics. CPI (Cost Performance Index) and CV% (Cost Variance) within EVM describe the status and progress of the pro-ject and demonstrate its success, are based on correct value of AC, and thus AC bi-as leads to bias and distortion of any prediction of future cost development (ETC, EAC, etc.) . Our proposal published in this paper is based on the use of optimistic, neutral and pessimistic scenarios fo

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

10102 - Applied mathematics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

35TH INTERNATIONAL CONFERENCE MATHEMATICAL METHODS IN ECONOMICS (MME 2017)

ISBN

978-80-7435-678-0

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

24-29

Název nakladatele

University of Hradec Králové

Místo vydání

Hradec Králové

Místo konání akce

Hradec Králové

Datum konání akce

13. 9. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000427151400005