Progress and Cost Control

Gündüz Ulusoy and Öncü Hazır
Additional contact information
Gündüz Ulusoy: Sabancı University
Öncü Hazır: Rennes School of Business

Chapter Chapter 10 in An Introduction to Project Modeling and Planning, 2021, pp 311-334 from Springer

Abstract: Abstract Together with planning and scheduling, project monitoring and control is an important responsibility of project managers. Monitoring the project includes the collection, recording, organization and presentation of project realization data. Control, on the other hand, involves the analysis of the data with the purpose of preparation of action plans to prevent deviations from the current plan where possible, and mitigate their adverse consequences. As a project monitoring method, we present the Earned Value Management (EVM). We describe the EVM metrics and associated graphical data display tools and discuss how to use them to make time and cost predictions. Impacts of escalation and inflation are considered. Finally, the advantages and limitations of using EVM are discussed.

Keywords: Project monitoring; Project control; Earned value management; Project time estimation; Project cost estimation; Inflation (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-030-61423-2_10

Ordering information: This item can be ordered from
http://www.springer.com/9783030614232

DOI: 10.1007/978-3-030-61423-2_10

Access Statistics for this chapter

More chapters in Springer Texts in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().