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Meant to complement rather than compete with the existing books on the subject, this book deals with the project performance and control phases of the project life cycle to present a detailed investigation of the project’s time performance measurement methods and risk analysis techniques in order to evaluate existing and newly developed methods in terms of their abilities to improve the corrective actions decision-making process during project tracking. As readers apply what is learned from the book, EVM practices will become even more effective in project management and cost engineering. Individual chapters look at simulation studies in forecast accuracy; schedule adherence; time sensitivity; activity sensitivity; and using top-down or bottom-up project tracking. Vanhoucke also offers an actual real-life case study, a tutorial on the use of ProTrack software (newly developed based on his research) in EVM, and conclusions on the relative effectiveness for each technique presented.
- Sales Rank: #10185310 in Books
- Published on: 2012-03-14
- Released on: 2012-03-14
- Original language: English
- Number of items: 1
- Dimensions: 9.25" h x .45" w x 6.10" l, .62 pounds
- Binding: Paperback
- 164 pages
From the Back Cover
Meant to complement rather than compete with the existing books on the subject, this book deals with the project performance and control phases of the project life cycle to present a detailed investigation of the project’s time performance measurement methods and risk analysis techniques in order to evaluate existing and newly developed methods in terms of their abilities to improve the corrective actions decision-making process during project tracking. As readers apply what is learned from the book, EVM practices will become even more effective in project management and cost engineering. Individual chapters look at simulation studies in forecast accuracy; schedule adherence; time sensitivity; activity sensitivity; and using top-down or bottom-up project tracking. Vanhoucke also offers an actual real-life case study, a tutorial on the use of ProTrack software (newly developed based on his research) in EVM, and conclusions on the relative effectiveness for each technique presented.
About the Author
Prof Dr Mario Vanhoucke is associate professor at Ghent University and Vlerick Leuven Gent Management School (Belgium). He teaches Project Management, Business Statistics and Applied Operations Research. He is program director of the Bachelors and Masters in Business Engineering and the advanced Master in Operations and Technology Management and is a partner of OR-AS. His main research interest lies in simulation and optimization models in project scheduling and scheduling in the health care sector. This November he was awarded the 2008 International Project Management Association Research Award for the research project upon which this proposed book is based -(http://www.ipma.ch/awards/resawards/Pages/winnersandhonours2008.aspx).
Most helpful customer reviews
1 of 2 people found the following review helpful.
Great study
By Bob F, measurement guy
Vanhoucke has spent some significant time with studying the science of project tracking and applying some fairly sophisticated research methods. While this book will not be suited to a large audience, we should see some of the author's findings making their way into more sophisticated project management tools.
One example is the difference between earned-value and Lipke's "earned-schedule". Vanhoucke finds that duration estimates made using earned schedule are consistently better (and more understandable) than those made using traditional earned-value.
Other findings are much more sophisticated. The material about schedule adherence and the differences between schedules that are primarily serial vs. those that have many activities running in parallel yield some interesting and useful results. For example, the more highly parallel the project structure is the less effective critical path methods are.
The book will require significant energy to read as the the examples will require some detailed reading and analysis. Still, I don't think there is anything else like it.
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