IDEAS home Printed from https://ideas.repec.org/h/mgt/micp12/863-876.html
   My bibliography  Save this book chapter

Forecasting in Project Monitoring System Based on the Concept of Earned Scedule

Author

Listed:
  • Zoltan Sebestyen

    (Budapest University of Technology and Economics, Hungary)

  • Gergely Babos

    (Budapest University of Technology and Economics, Hungary)

Abstract

The scope of this article is to come round the topic how to keep a project on track properly with the fundamental parameters, and to provide an improved time-dependent solution for monitoring. Since the milestone reporting is poor to monitor the projects, a much more sophisticated system, the earned value management is proposed to be operated concurrently. Recently, this method is criticized severely on its financial-oriented nature, which leaded to its unreliability. Several solutions are suggested to provide an extension to earned value management that surpasses these drawbacks. One of the suitable answers is to introduce and use the concept of earned schedule. A method based on adaptive projective forecasting model to earned schedule, which takes historical data into consideration, is proposed. The paper also presents an illustration on the calculation of earned schedule using quantitative forecasting models applied for a real-life data warehouse project at a financial institution.

Suggested Citation

  • Zoltan Sebestyen & Gergely Babos, 2012. "Forecasting in Project Monitoring System Based on the Concept of Earned Scedule," MIC 2012: Managing Transformation with Creativity; Proceedings of the 13th International Conference, Budapest, 22–24 November 2012 [Selected Papers], University of Primorska, Faculty of Management Koper.
  • Handle: RePEc:mgt:micp12:863-876
    as

    Download full text from publisher

    File URL: http://www.fm-kp.si/zalozba/ISBN/978-961-266-201-1/papers/MIC4166.pdf
    File Function: full text in English
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mgt:micp12:863-876. 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: (Alen Jezovnik). General contact details of provider: http://edirc.repec.org/data/fmkupsi.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.