On the basis of Process Monitoring and Controlling's applications, the paper discussed process modeling based on Petri Net, and driving mechanism of project tasks based on the workflow technology and process controlling based on Vanguard Line and Earned Value.
This paper introduces the basic concept and specific theory,and systematically demonstrates the basic work and operation step of this method in project investment/schedule comprehensive control,finally combined with project practical case discusses the application of earned value method in project investment/schedule comprehensive control.
This research introduces the development of a project-level cash flow forecasting model in construction stage based on the plamed earned value and the cost from a general contractors view on a jobsite.
The top five factors ranked by the responsible entities were (1) introduction of the earned value analysis, (2) working efficiency, (3) environmental laws and regulations, (4) price-index fluctuation, and (5) on-site safety management.
When appropriate, provide program or project with earned value data and analysis.
The project controls toolset consisted of a scheduling tool, an Earned Value engine, and a digital dashboard/analysis tool.
The earned value approach to manage this project will be used and approved by the Federal Project Director.