Heirsh Soltanpanah; Hiwa Farughi; Rohoullah Abdi
Volume 10, Issue 26 , January 2012, , Pages 147-164
Abstract
Project cost estimation and actual time is one of the serious concernsof project managers. Earned Value Management is considered as atechnique for answering two following questions: how long does ittake to complete a project? How much does the project cost? ProjectPerformance Evaluation can only be predicated ...
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Project cost estimation and actual time is one of the serious concernsof project managers. Earned Value Management is considered as atechnique for answering two following questions: how long does ittake to complete a project? How much does the project cost? ProjectPerformance Evaluation can only be predicated based on previousdata and knowledge in the present dealings of earned value and itsfuture conditions and prospects would not be categorically realized.Although there are many proposed methods to solve these boundaries,there is not a method encompassing all uncertainties and futureconditions. This paper aims at introducing a new method using timelimits, costs and project performance in fuzzy logic to determine theearned value indexes. Risk factors are added to the Fuzzy logics inorder to obtaining the precise estimation in predicting the finaloutcomes of the project. This paper provides a brief introductionregarding the current methods followed by investigation on Fuzzymethodology and risk factors. Finally, the offered model is proposed,defined and supported by means of an example
