Improving project control by combining earned value analysis and automatic data collection

Lauri Vuorinen, Rami Sariola

    Research output: Chapter in Book/Report/Conference proceedingConference contributionProfessional

    Abstract

    Efficient control is critical for project success. One of the most widely discussed project control methods is earned value analysis (EVM). The accuracy of EVM calculations can be improved by combining it with automatic data collection (ADC). This paper analyzes the possibilities of combining EVM and ADC, and the main benefits and challenges related to that. A literature review was conducted to answer these questions. The study demonstrates how the problems related to the evaluation of activity progress have received surprisingly little research focus, and how ADC could be utilized to improve this area of EVM. The benefits of ADC are also not limited to just EVM; despite the choice of a project control methodology, ADC can be utilized to evaluate project progress in a continuous and more accurate way. Finally, it is demonstrated how even the “ADC-enhanced EVM” doesn’t provide an adequate image of project status alone; EVM has to be combined with other project control methodologies. Based on the literature review, several areas for further research are also proposed.
    Original languageEnglish
    Title of host publicationInternational Research Network in Organizing by Projects Conference 2015
    Subtitle of host publicationIRNOP
    Place of PublicationLondon, U.K.
    Pages1
    Number of pages17
    Publication statusPublished - 2015
    Publication typeD3 Professional conference proceedings
    EventInternational Research Network in Organizing by Projects Research Conference -
    Duration: 1 Jan 1900 → …

    Conference

    ConferenceInternational Research Network in Organizing by Projects Research Conference
    Period1/01/00 → …

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