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Stability of earned value management: Do project characteristics influence the stability moment of the cost and schedule performance index

De Koning, P; Vanhoucke, M; (2016) Stability of earned value management: Do project characteristics influence the stability moment of the cost and schedule performance index. Journal of Modern Project Management , 4 (1) pp. 8-25. Green open access

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Abstract

Stability of the Cost Performance Index (CPI) and Schedule Performance Index (SPI(t)) refers to the moment in the project life cycle at which the CPI and SPI(t) are accurate and constant. For a project manager a reliable CPI and SPI(t) is essential for taking corrective actions in time to keep the project on budget, planning and scope. The focus of this paper lies on identifying project characteristics which in uence this mo- ment of CPI and SPI(t) in the project life cycle. Both existing theories from earlier academic research and newly identi ed project characteristics are tested by using empirical data from nine projects executed by an engineering and consultancy company in the Nether- lands. It is found that some project characteristics in uence the moment of CPI and SPI(t) in the project lifecycle whereas other do not. The results of this paper contribute to the body of knowledge on EVM and might provide valuable information to project managers who consider to use EVM in their projects. The results of this research also point out new areas to explore the understanding of the stability of CPI and SPI(t).

Type: Article
Title: Stability of earned value management: Do project characteristics influence the stability moment of the cost and schedule performance index
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.journalmodernpm.com/index.php/jmpm/arti...
Language: English
Additional information: Copyright © 2016 The Authors. Five years after publication in the Journal of Modern Project Management, the work is simultaneously licensed under a Creative Commons Attribution License (https://creativecommons.org/licenses/by/3.0/) that allows others to share the work with an acknowledgement of the work's authorship and initial publication in the journal.
Keywords: Earned Value Management, project control, CPI and SPI(t) Stability, project characteristics
UCL classification: UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management
URI: http://discovery.ucl.ac.uk/id/eprint/1506314
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