Novel Quality-Embedded Earned Value Performance Analysis Tool for Sustainable Project Portfolio Production

Chen Wang, Yutong Tang, Mukhtar A. Kassem, Hong Yeow Ong, Jeffrey Boon Hui Yap and Kherun Nita Ali
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Chen Wang: College of Civil Engineering, Huaqiao University, Xiamen 361021, China
Yutong Tang: College of Civil Engineering, Huaqiao University, Xiamen 361021, China
Mukhtar A. Kassem: Department of Quantity Surveying, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, Skudai 81310, Malaysia
Hong Yeow Ong: College of Civil Engineering, Huaqiao University, Xiamen 361021, China
Jeffrey Boon Hui Yap: Department of Surveying, Lee Kong Chian Faculty of Engineering and Science, Universiti Tunku Abdul Rahman (UTAR), Kajang 43000, Malaysia
Kherun Nita Ali: Department of Quantity Surveying, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, Skudai 81310, Malaysia

Sustainability, 2022, vol. 14, issue 13, 1-28

Abstract: Although many project portfolio management tools have been developed, little has been found capable of evaluating and managing project quality, cost, and schedule simultaneously. Limited cross-project references also limit lessons learned in the context of triple constraints. This study aims to embed quality check into the earned value management (EVM) method and develop an extended tool for triple constraint management based on EVM. The purpose is to evaluate and manage the triple constraints of a project in one go, incorporating quality management and portfolio management functions into costing and scheduling. The newly developed tools are tested and validated in real-world case studies. It was proven to assist project portfolio stakeholders in triple constraints planning, organizing, monitoring, managing, and reporting using a single reporting format.

Keywords: earned value; TQM; triple constraints control; project portfolio; quality quantification (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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