A multivariate approach for top-down project control using earned value management
Two multivariate project schedule control metrics are presented using well-known EVM metrics. Principal component analysis is used to build a correlation reference and to test the multivariate metrics. A large simulation study compares the novel control approach with the current best practice. Improvements are obtained in comparison with the traditional project control approach.
schedule control simulation project management earned value management (evm) principal component analysis (pca)