A proposal for the improvement of project's cost predictability using EVM and historical data of cost

This paper proposes an extension of the Earned Value Management EVM technique through the integration of historical cost performance data of processes under statistical control as a means to improve the predictability of the cost of projects. The proposed technique was evaluated through a case-study...

Full description

Saved in:
Bibliographic Details
Main Author: De Souza, Adler Diniz
Format: Conference Proceeding
Language:English
Subjects:
Social and professional topics > Professional topics > Management of computing and information systems > Implementation management > Pricing and resource allocation
Social and professional topics > Professional topics > Management of computing and information systems > Information system economics
Social and professional topics > Professional topics > Management of computing and information systems > Project and people management
Software and its engineering > Software creation and management > Software development process management
Software and its engineering > Software notations and tools > Software configuration management and version control systems
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This paper proposes an extension of the Earned Value Management EVM technique through the integration of historical cost performance data of processes under statistical control as a means to improve the predictability of the cost of projects. The proposed technique was evaluated through a case-study in industry, which evaluated the implementation of the proposed technique in 22 software development projects Hypotheses tests with 95% significance level were performed, and the proposed technique was more accurate and more precise than the traditional technique for calculating the Cost Performance Index - CPI and Estimates at Completion - EAC.
DOI:10.5555/2486788.2487033