Integrated earned value analysis and their impact on project success
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Abstract
The project management system has many tools and techniques to control projects' main elements schedule, cost, quality, risk, communications and procurements to attain project success and high performance. Earned value analysis (EVA) is the most effective tool to measure project performance which is widely used by many organisations such as Defence Acquisition University; National Aeronautics and Space Administration; Society of Cost Estimates and Analysis; and Project Management Institute (PMI) to measure project performance and control it through cost and schedule, which are illustrated into graphs to forecast the project results to be shared and reported to top management, stakeholders and client in regular basis taking into consideration the other factors such as risk management, project environment, quality, safety, control charts, and sustainability to attain highly performance. Proposed methodology in the presented paper to implement the integrated EVA in an effective and uncomplicated way to attain project success and high performance using an automated sheet to perform analysis for an anonymous hospital design project with the total duration of seven months and illustrates and summarises the key factors based on previous studies and project examples.
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