Abstract:
A simulation-based Earned Value Management methodology is introduced for modeling and analyzing project networks with stochastic activity times and activity costs. The me...Show MoreMetadata
Abstract:
A simulation-based Earned Value Management methodology is introduced for modeling and analyzing project networks with stochastic activity times and activity costs. The methodology uses simulation to establish a project plan and estimate the planned value over the life of the project. During project execution, these reference measures can be used to determine if the project is on track to completion. The simulation tool can be used to evaluate potential alternatives and predict their impact on the project.
Published in: Proceedings of the Winter Simulation Conference 2014
Date of Conference: 07-10 December 2014
Date Added to IEEE Xplore: 26 January 2015
ISBN Information: