Adaptive Project Monitoring and Control with Variable Reviewing Intervals
DOI:
https://doi.org/10.59615/ijie.1.4.34DOR:
https://dorl.net/dor/20.1001.1.27831906.2021.1.4.3.1Keywords:
Statistical Project Control, Variable Reviewing Intervals, Adaptive Control Points, Earned Value Management, Project Monitoring and ControlAbstract
This paper presents a managerial project control scheme in which the time between the control points is not fixed but instead is a function of the distance between the planned and the current performance levels. Varying the reviewing interval improves the efficiency of the project monitoring and control process and allows project managers to obtain the required information more quickly. To evaluate the effectiveness of the proposed scheme, a systematic computational experiment is carried out. Besides, a practical case study is given to illustrate the applicability of the proposed scheme. The results reveal the satisfactory performance of the adaptive control scheme.
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Copyright (c) 2021 Seyed Taha Hossein Mortaji, Siamak Noori, Morteza Bagherpour
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