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- Title
EARNED VALUE ANALYSIS APPROACH BY EXTENDING NEW KEY PERFORMANCE INDICATORS IN A NEW FRAMEWORK UNDER A GREY ENVIRONMENT.
- Authors
ESHGHI, Amin; MOUSAVI, Seyed Meysam; ANTUCHEVICIENE, Jurgita; MOHAGHEGHI, Vahid
- Abstract
An inseparable part of project management is the existence of uncertainty. There are various methodologies and tools to handle the impact of uncertainty on project performance. Todenote the uncertainty, we use grey theory because ofits accuracy and convenience in modeling uncertainty. In this paper, a new grey-based earned value technique with a new extended set of key performance indicators (KPIs)is proposed to measure the progress, performance, cost and time estimate at completion of the construction projects under uncertainty circumstances. A new formulation of cost and time estimation at completion is introduced that is based on using a newly developed weighting method called WTODIM. The proposed model improves managing different aspects of a project through a flexible and intelligent approach. Finally, a case study of construction project from the literature is presented to show the efficiency of presented model.
- Subjects
KEY performance indicators (Management); TIME perception; CONSTRUCTION projects; COST estimates
- Publication
Economic Computation & Economic Cybernetics Studies & Research, 2019, Vol 53, Issue 3, p131
- ISSN
0424-267X
- Publication type
Article
- DOI
10.24818/18423264/53.3.19.08