<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The Earned Value Method (EVM) is a method commonly used in the quantitative project management. The course of the actual curve is usually different from the course of the planned curve. In order to provide a reliable estimation of the time of the project implementation or its real cost, the method of on-line updating the actual cost (AC) original curve can be applied. The actual cost curve is usually of the <italic>S-</italic>curve character. The approximation method is often used in the engineering applications. In the paper, the possibility of applying the polynomial type approximation method to the on-line updating of the actual cost curve is discussed.</p></abstract>

The Earned Value Method (EVM) is a method commonly used in the quantitative project management. The course of the actual curve is usually different from the course of the planned curve. In order to provide a reliable estimation of the time of the project implementation or its real cost, the method of on-line updating the actual cost (AC) original curve can be applied. The actual cost curve is usually of the S-curve character. The approximation method is often used in the engineering applications. In the paper, the possibility of applying the polynomial type approximation method to the on-line updating of the actual cost curve is discussed.

Application of approximation technique to on-line updating of the actual cost curve in the earned value method

Department of Strategy Management and Organization Growth, Faculty of Economics and International Relations

Technical Transactions

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Earned Value Method (EVM) is a method commonly used in the quantitative project management. The course of the actual curve is usually different from the...

Application of approximation technique to on-line updating of the actual cost curve in the earned value method

Published Online: May 29, 2020

Page range: 181 - 195

DOI: https://doi.org/10.4467/2353737XCT.17.158.7170

Keywords
Earned value method, S-curve, approximation

© 2017 Ewa Kozień, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Application of approximation technique to on-line updating of the actual cost curve in the earned value method

Published Online: May 29, 2020

Page range: 181 - 195

DOI: https://doi.org/10.4467/2353737XCT.17.158.7170

KeywordsEarned value method, S-curve, approximation

© 2017 Ewa Kozień, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Earned value method, S-curve, approximation