Journal
DECISION SUPPORT SYSTEMS
Volume 47, Issue 4, Pages 488-499Publisher
ELSEVIER
DOI: 10.1016/j.dss.2009.04.010
Keywords
Project management; Earned value method; Decision support models; Organizational learning
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Funding
- Ryerson University
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Earned Value Method (EVM) is a popular project control technique. In this paper, we discuss the extended version of EVM (EVM/LC) that addresses the effect of learning on the performance of project teams. These effects have so far been ignored in most EVM applications. We present a spreadsheet-based decision support tool that automates the calculations and analyses in EVM/LC. Using this tool would save the project manager from having to perform complicated calculations while still taking advantage of the relatively accurate estimates generated by EVM/LC. Consequently, this paper contributes to both research and practice in project management. (C) 2009 Elsevier B.V. All rights reserved.
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