Impact of a visual decision support tool in project control: A comparative study using eye tracking

Project control and forecast assessment of building projects in Pakistan using earned value management

“…EVM is considered as one of the best methodologies for predicting the project future performance (Vanhoucke and Vandevoorde, 2007; Fleming and Koppelman, 2009; Batselier and Vanhoucke, 2015a, b; Elghaish et al , 2019; Isac et al , 2020). To assess the credibility of schedule forecasting in EVM and its comparison with CPRM, evaluation of schedule forecasting was carried out in a similar fashion as performed for the appraisal of current schedule performance.…”

“…They help in monitoring the project's progress towards attaining its goals. Hence, selection of KPIs is an essential requirement for appraisal of project performance (Chan and Chan, 2012; Elghaish et al , 2019), which can be measured by observing the variances in project’s current cost and schedule from the planned values (Isac et al , 2020). In addition, final costs and schedules can be forecasted at any point of time during contract duration (Fleming and Koppelman, 2009; Isac et al , 2020).…”

“…Hence, selection of KPIs is an essential requirement for appraisal of project performance (Chan and Chan, 2012; Elghaish et al , 2019), which can be measured by observing the variances in project’s current cost and schedule from the planned values (Isac et al , 2020). In addition, final costs and schedules can be forecasted at any point of time during contract duration (Fleming and Koppelman, 2009; Isac et al , 2020). The main focus of project managers is delivering the project within budget, schedule and scope, hence, a well-established controlling system or methodology is required to be developed by project stakeholders to obtain timely and accurate feedback regarding KPIs and to compare and/or forecast the current performance with the planned objectives (Kerkhove and Vanhoucke, 2017).…”

Construction of a portfolio formation method by configuring project­candidates based on flow characteristics

“…During the development of the method's toolkit, the discounting theory [35], heuristic methods [43,44], multi-criteria rankings [45,46] and qualitative mathematics [47,48] were used. The models and methodical provisions for representing project costs and results in the form of S-curves were used to visualize and analyze flow characteristics [30][31][32][33].…”

“…It should be noted that in project management, cumulative curves are becoming more widespread not only in the classical earned volume method. Thus, paper [30] shows the advantages of S-curves as visual diagnostic and control tools, paper [31] shows them as a model of displaying cash flows from the level of separate contracts to the portfolio level. Cumulative curves are presented in the form of voluminous surfaces [32], in projections on planes [33], which greatly increases their information value in terms of analysis of flow characteristics.…”