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  • Applying neural networks and analogous estimating to determine the project budget member content open

    By Vargas, Ricardo Viana At times, some problems and challenges in the project environment are too complex with too many variables to allow for the use of a traditional computer algorithm to calculate the project's results.…

  • Earned Value Management: Not Just for Government Contracting Anymore member content open

    By Bergerud, Christen Earned value management (EVM) is often regarded as a burden rather than a benefit, largely because it is associated with the stringent and detailed ANSI/EIA-748 standard. Yet many organizations have…

  • Stop reacting, it's too late! Start to anticipate! member content open

    By Lazar, Olivier Project management is an activity of anticipation, not reaction. If you ever have to react, it means that the problem has already occurred -- that you're already out of budget, timeline, and scope.…

  • The special challenges of project management under fixed-price contracts member content open

    By Lowden, George | Thornton, John Performing a project under a fixed-price contract is more risky than other projects. Fortunately, many of the risks inherent in managing a fixed-price project can be mitigated during the development…

  • Developing the Apache helicopter member content open

    By Garfein, Steve This paper traces the transition of the Hughes Helicopter Company during the 1970s from a technically excellent company with a history of poor management to one that continued being technically…

  • Integration of income management and cost management member content open

    By Masudifar, Puian | Fardad, Fereydoun Many project-based companies earn their profit out of their invoices, which can be named as their income of project execution. Generally, this income is earned during the execution of project…

  • The top 10 challenges to effective cost controls member content open

    By Bergerud, Christen Today, businesses and government agencies alike are demanding greater visibility into project and program performance. With tighter budgets than in days past, stakeholders need confidence that funds…

  • How to make earned value work on your project member content open

    By Lukas, Joseph A. Earned value analysis (EVA) appears to be a compelling technique to use on projects to better understand and manage performance. Companies embracing earned value prepare procedures and may provide…

  • Project risk analysis to support strategic and project management member content open

    By El-Mehalawi, Mohamed E. Successful project cost and schedule risk management is always capable of informing project management of "where the project is" and "where the project is going" in the future. Current project…

  • EVM--a disciplined approach to project management member content open

    By Terrell, Michael S. | Singleton, Cindy J. Earned value management (EVM) is a system of project controls based on a structured approach to planning, cost control, and schedule performance measurement. EVM is not the objective of project…

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