A buffer control method for top-down project control

Annelies Martens and Mario Vanhoucke

European Journal of Operational Research, 2017, vol. 262, issue 1, 274-286

Abstract: Timely completion of projects is an important factor for project success. However, projects often exceed their predefined deadline, which results in a late project delivery and an increase in the total project cost. In order to increase the probability of timely completion, a project buffer can be planned at the end of a project. During project execution, an assessment of the total buffer consumption at the project completion date can be made in order to periodically monitor the project progress. When the expected buffer consumption is higher than 100%, the project deadline is expected to be exceeded and the project manager should take corrective actions to get the project back on track.

Keywords: Project management; Schedule control; Earned value management (EVM); Simulation; Project buffer (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:262:y:2017:i:1:p:274-286

DOI: 10.1016/j.ejor.2017.03.034

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