An Application of non-Parametric resampling interval analysis to Risk-Based Earned Value Management

Control in complex systems in uncertainty conditions is one of the significant challenges for project managers. Therefore, in this paper an integrated approach based on Earned value management and risk analysis methods proposed to decrease deviations in time and cost estimation at complete. Using the proposed performance indexes based on risk scores obtained by non-parametric resampling technique, namely bootstrap, calculating more accurate estimations of final cost and duration at lower and upper band with various confidence levels will be possible. Finally, an illustrative case study presented in a software project.

Keywords:

Earned value management , risk analysis , Cost & Time Estimation at Complete , Software Engineering and Management , Non-Parametric Bootstrap Technique