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The Measurable News

TMN, Issue 1, 2009: Forecasting a project’s duration under various topological structures

Submitted by Mario Vanhoucke on Mon, 10/29/2012 - 12:26

In this article, published in 2009 in The Measurable News, the forecasting accuracy of three time predictors using the earned value and earned schedule methodology is along the topology of the project network. It is a follow-up of the “TMN, Winter 2007: Measuring the accuracy of earned value/earned schedule forecasting predictors” and “TMN, Summer 2008: Earned value forecast accuracy and activity criticality” articles. The article shows that the topological structure of a project network, measured as the closeness of a project network to a serial or parallel network, clearly determines the forecast accuracy of these earned value based metrics to predict a project’s duration. The article concludes that a more serial network that contains, on average, more critical activities, results in a better forecast accuracy compared to more parallel networks.

TMN, Summer 2008: Earned value forecast accuracy and activity criticality

Submitted by Mario Vanhoucke on Fri, 10/26/2012 - 10:26

In this article, published in 2008 in The Measurable News, the forecasting accuracy of three time predictors using the earned value and earned schedule methodology is compared and validated. It is a follow-up article of “TMN, Winter 2007: Measuring the accuracy of earned value/earned schedule forecasting predictors” and makes a distinction between critical and non-critical activities, resulting in four simulation scenarios. The main reason why a distinction between critical and non-critical activities is made is to test the performance of earned value based time predictors when used on high levels in the Work Breakdown Structure (WBS). Since the use of these predictors on high WBS levels can potentially mask potential problems and lead to wrong forecasts, this study shows how accurate they perform, despite this error.

TMN, Winter 2007: Measuring the accuracy of earned value/earned schedule forecasting predictors

Submitted by Mario Vanhoucke on Fri, 10/26/2012 - 09:44

In this article, published in 2007 in The Measurable News, the forecasting accuracy of various time predictors using the earned value and earned schedule methodology is compared and validated. Nine methods are compared and it is shown that the earned schedule based predictors outperform the traditional earned value based methods when predicting the final duration of a project in progress.

EVM Europe initiative maintains momentum

Submitted by Mario Vanhoucke on Tue, 10/16/2012 - 12:34

The EVM Europe initiative continues to progress with a successful third EVM Europe 2012 conference held at "the Escuala Técnica Superior de Ingenieria de Edificacion, part of the Universitat Politecnica de Valencia" (the School of Building Engineering at the Polytechnic University of Valencia, Spain) on 23-24 November 2011. Valencia is a hirstoric Spanish city located on the Mediterranean coast first fouded as a Roman colony in 138 BC. The hirstoric center is a large 169 acres in size and the city is also known for many monuments including the landmark City of Arts and Sciences, an avant-garde and futuristic museum complex.

EVM Europe initiative continues to develop

Submitted by Mario Vanhoucke on Tue, 10/16/2012 - 12:26

The EVM Europe initiative progresses with a successful second EVA Europe Conference held at the historic “Het Pand”, the Cultural Centre of Ghent University on 24–25 November 2010 with about 90 delegates and speakers attending. Het Pand, a former Dominican monastery, is located in the historical centre of the city of Ghent, on the banks of the River Leie. The oldest parts of this impressive building date from the 13th Century. Using Het Pand came from a collaboration between Ghent University, which owns the facility, and the Vlerick Leuven Ghent Management School, which sponsored the conference.

EVA Europe initiative lifts off with a successful EVA-1 conference

Submitted by Mario Vanhoucke on Tue, 10/16/2012 - 12:21

The Earned Value Analysis (EVA) Europe initiative has achieved “lift off” with the inaugural Earned Value-dedicated conference

in continental Europe. This successful first was held at the prestigious European Laboratory for Particle Physics (CERN) in Geneva, Switzerland, in November 2009. As an added and unexpected bonus, “the world’s largest particle physics experiment made its first collisions during the conference.”

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