Practical experiences of cost/schedule measure through earned value management and statistical process control

  • Authors:

  • Qing Wang;Nan Jiang;Lang Gou;Meiru Che;Ronghui Zhang

  • Affiliations:

  • Laboratory for Internet Software Technologies, Institute of Software, The Chinese Academy of Sciences, Beijing, China;Laboratory for Internet Software Technologies, Institute of Software, The Chinese Academy of Sciences, Beijing, China;Laboratory for Internet Software Technologies, Institute of Software, The Chinese Academy of Sciences, Beijing, China;Laboratory for Internet Software Technologies, Institute of Software, The Chinese Academy of Sciences, Beijing, China;Laboratory for Internet Software Technologies, Institute of Software, The Chinese Academy of Sciences, Beijing, China

  • Venue:
  • SPW/ProSim'06 Proceedings of the 2006 international conference on Software Process Simulation and Modeling
  • Year:
  • 2006

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Abstract

Cost and schedule measures are the most important support activities for the success of a project; it provides the basis for process improvement and project management. This paper reports practical experiences on using EVM (Earned Value Management) and SPC(Statistical Process Control) in cost/ schedule measure. The analysis of experience data indicates the distributions of CPI(Cost Performance Index) and SPI(Schedule Performance Index) index are generally following the normal distribution. And consequently, it is reasonable and effective to employ SPC in EVM.