Estimation of long-term project risk during project realization – combination of the earned value and present value methods
The paper proposes a combination of two methods: the Net Present Value Method and the Earned Value Method – to control the risk of not achieving the targeted value of long-term projects. The method is capable, like the Earned Value Method, to forecast future financial overruns ahead of time and to warn the project manager long before the event itself occurs so that the project manager has time to handle the problem. On the other hand, the proposed method is able, like the Net Present Value, to take the time value of money into account.
Volume (Year): 3 (2008)
Issue (Month): ()
|Contact details of provider:|| Web page: http://www.ioz.pwr.wroc.pl/|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wut:journl:v:3:y:2008:p:5-15. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Piotr Wawrzynowski)
If references are entirely missing, you can add them using this form.