rEVaMp : Risk Elicited Earned Value Management procedure -- A systematic framework for accounting for project uncertainties

[摘要] (cont.) This transparency ensures that the entire organization - functional, project and senior management have the same understanding about costing methodology. The process establishes confidence levels on the estimated cost and schedule at completion which were not available to the organization previously. This additional information will help the organization with prioritizing risks, securing allocation of adequate funding and contingency amounts and assuring the senior management that the organization is not unduly challenged minimizing employee frustration and burn-out. The framework provides a quantitative means to compare the effect of emerging risks and mitigation plans on project performance. The case studies also demonstrated that the approach has the ability to indicate problems even at the project planning stage by establishing confidence levels that can be used to evaluate robustness of project costing and articulate status of the project during its execution in an objective manner.

[发布机构] Massachusetts Institute of Technology