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A proposal for the improvement of project's cost predictability using EVM and historical data of cost

Adler Diniz de Souza

Abstract

This paper proposes an extension of the Earned Value Management — EVM technique through the integration of historical cost performance data of processes under statistical control as a means to improve the predictability of the cost of projects. The proposed technique was evaluated through a case-study in industry, which evaluated the implementation of the proposed technique in 22 software development projects Hypotheses tests with 95% significance level were performed, and the proposed technique was more accurate and more precise than the traditional technique for calculating the Cost Performance Index — CPI and Estimates at Completion — EAC.

BibTeX
@inproceedings{deSouza:ICSE13,
  author    = {Adler Diniz de Souza},
  title     = {A proposal for the improvement of project's cost predictability using {EVM} and historical data of cost},
  booktitle = {ICSE},
  pages     = {1447--1449},
  publisher = {{IEEE} Computer Society},
  year      = {2013},
}

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