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- Title
APPLICATION OF APPROXIMATION TECHNIQUE TO ON-LINE UPDATING OF THE ACTUAL COST CURVE IN THE EARNED VALUE METHOD.
- Authors
Kozień, Ewa
- Abstract
The Earned Value Method (EVM) is a method commonly used in the quantitative project management. The course of the actual curve is usually different from the course of the planned curve. In order to provide a reliable estimation of the time of the project implementation or its real cost, the method of on-line updating the actual cost (AC) original curve can be applied. The actual cost curve is usually of the S-curve character. The approximation method is often used in the engineering applications. In the paper, the possibility of applying the polynomial type approximation method to the on-line updating of the actual cost curve is discussed.
- Subjects
EARNED value management; APPROXIMATION theory; COST analysis
- Publication
Technical Transactions / Czasopismo Techniczne, 2017, Vol 9, p181
- ISSN
0011-4561
- Publication type
Article
- DOI
10.4467/2353737XCT.17.158.7170