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Grey Earned Value Management: Theory and Applications
IEEE Transactions on Engineering Management, 2021Project stakeholders always investigate possible approaches to monitor project progress closely and further, taking necessary actions during the whole phases of the project in order to manage delays. Earned value management (EVM) is one of the methods, which can forecast the required costs for accomplishment of the project.
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In the previous parts of this book, it was assumed that the project has not started yet, and hence, the project was still in the definition and scheduling phase of the project life cycle. From this chapter on, it is assumed that the project has started (execution phase) and that the project is in progress.
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