A Matrix Model for Effective of Project Management
Keywords:Earned Value Management (EVM), Schedule Performance Index (SPI), Cost Performance Index (CPI)
For earned value management (EVM), when an organization attaches nonequal importance to the schedule performance index (SPI) and cost performance index (CPI) of a project, a nonequal-weighted conversion rate between the SPI and CPI is formed. This study employed EVM to integrate SPIs and CPIs to establish a matrix project performance assessment model with a nonequal-weighted conversion rate between the SPI and CPI. This model improves the disadvantages of conventional performance assessment models and enables project managers to simultaneously monitor and control the costs and schedules of their projects. The results provide a practical project performance assessment model for various industries and a basis for developing a project performance assessment information system, thus confirming the practicality and applicability of this study.Â
Anbari, F. T. (2003). Earned value project management method and extensions. Project management journal, 34(4), 12-23.
Bagherpour, M , Zareei, A , Noori, S and Heydari, M (2010), Designing a control mechanism using earned value analysis: an application to production environment, International Journal of Advanced Manufacturing Technology, 49 , pp. 419-429.
Christensen, D.S. (1998), The costs and benefits of the earned value management process, Acquisition Review Quarterly, Fall, pp. 373â€“386.
Fleming, Q.W. and Koppelman, J.M. (2005), Earned Value Project Management (3rd Edition)Project Management Institute, Newtown Square, PA.
Lipke, W., Zwikael, O., Henderson, K. and Anbari, F. (2009), Prediction of project outcome The application of statistical methods to earned value management and earned schedule performance indexes, International Journal of Project Management, 27(4), pp.400-407.
Naeni, L.M. , Shadrokh, S. and Salehipour, A. (2011), A fuzzy approach for the earned value management, International Journal of Project Management , 29(6), pp. 764-772 .
Pajares, J., & Lopez-Paredes, A. (2011). An extension of the EVM analysis for project monitoring: The Cost Control Index and the Schedule Control Index. International Journal of Project Management, 29(5), 615-621.
How to Cite
- Papers must be submitted on the understanding that they have not been published elsewhere (except in the form of an abstract or as part of a published lecture, review, or thesis) and are not currently under consideration by another journal published by any other publisher.
- It is also the authors responsibility to ensure that the articles emanating from a particular source are submitted with the necessary approval.
- The authors warrant that the paper is original and that he/she is the author of the paper, except for material that is clearly identified as to its original source, with permission notices from the copyright owners where required.
- The authors ensure that all the references carefully and they are accurate in the text as well as in the list of references (and vice versa).
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under aÂ Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (SeeÂ The Effect of Open Access).
- The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.