The project duration risk analysis based on earned value measurement
Xiaozhong Yu, Honggang Hu
Abstract
Xiaozhong Yu, Honggang Hu
Abstract
The project duration risk analysis has become more and more important with project management raised the duration requirement. Most of the existing analysis methods lack the linkage analysis of cost risk, aimed at this disadvantage, this paper proposes a new analysis method to project duration risk based on earned value measurement, discusses the different possible risk types under different earned value indexes, then divides the severity of duration risk into five different levels which will be convenient for project managers to take measures. Furthermore, an example is given behind in detail expressly illustrated the analysis process.
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The project duration risk analysis has become more and more important with project management raised the duration requirement. Most of the existing analysis methods lack the linkage analysis of cost risk, aimed at this disadvantage, this paper proposes a new analysis method to project duration risk based on earned value measurement, discusses the different possible risk types under different earned value indexes, then divides the severity of duration risk into five different levels which will be convenient for project managers to take measures. Furthermore, an example is given behind in detail expressly illustrated the analysis process.
Key concepts: Duration (music), Earned value management, Risk analysis (engineering), Risk management, Computer science, Project risk management, Disadvantage, Project management