Project Performance Measurement with Risks and Uncertainties

Lev Virine and Michael Trumper

Chapter 10 in Project Risk Analysis Made Ridiculously Simple, 2017, pp 151-159 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Monitoring the progress of activities ensures that updated information is used to perform your risk analysis. While this is true for all types of analysis, it is a critical principle of event chain methodology. In this chapter, we will discuss a simple approach on how to forecast project duration and cost using a partially completed project. We will also briefly review an integrated Earned Value Management (EVM)/Project Risk Analysis approach to managing project performance.

Keywords: Project Management; Risk Management; Risk Analysis (search for similar items in EconPapers)
JEL-codes: D81 G32 (search for similar items in EconPapers)
Date: 2017
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