A model-based DSS for integrating the impact of learning in project control

Authors:
Malgorzata Plaza;Ozgur Turetken
Affiliations:
Ted Rogers School of Information Technology Management, Institute for Innovation and Technology Management, Ryerson University, 350 Victoria Street, Toronto, Ontario, Canada M5B 2K3;Ted Rogers School of Information Technology Management, Institute for Innovation and Technology Management, Ryerson University, 350 Victoria Street, Toronto, Ontario, Canada M5B 2K3
Venue:
Decision Support Systems
Year:
2009

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Abstract

Earned Value Method (EVM) is a popular project control technique. In this paper, we discuss the extended version of EVM (EVM/LC) that addresses the effect of learning on the performance of project teams. These effects have so far been ignored in most EVM applications. We present a spreadsheet-based decision support tool that automates the calculations and analyses in EVM/LC. Using this tool would save the project manager from having to perform complicated calculations while still taking advantage of the relatively accurate estimates generated by EVM/LC. Consequently, this paper contributes to both research and practice in project management.