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Evaluating the relative efficiency of defense R&D projects in a multi-project environment using EVM and CAIV measures
- Issue Date
- Jul-2020
- Publisher
- ICIC International
- Keywords
- CAIV; Data envelopment analysis; EVM; R& D project efficiency
- Citation
- ICIC Express Letters, Part B: Applications, v.11, no.7, pp.675 - 682
- Journal Title
- ICIC Express Letters, Part B: Applications
- Volume
- 11
- Number
- 7
- Start Page
- 675
- End Page
- 682
- ISSN
- 2185-2766
- Abstract
- Defense R&D projects aim to successfully develop a weapons system under time and budget constraints. Using effective project management tools is essential for achieving this goal. Certain project management tools can measure performance by integrating the technical, cost, and schedule parameters. For instance, EVM (earned value management) and CAIV (cost as an independent variable), were first applied in the defense sector. These tools provide periodically measurable and relatively comparable metrics in a multi-project environment. In this study, we present a method of evaluating the relative efficiency of multiple ongoing projects using objective data and indicators available from project management tools in weapons system development. © 2020, ICIC International. All rights reserved.
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Related Researcher
- CHO, MOON SOO
- College of Engineering (Department of Industrial & Information Systems Engineering)