Grey Earned Value Management: Theory and Applications

  title={Grey Earned Value Management: Theory and Applications},
  author={Amin Mahmoudi and Morteza Bagherpour and S. Javed},
  journal={IEEE Transactions on Engineering Management},
Project 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. The data collected from projects undertaken in order to update the master schedule often suffer from a level of uncertainty. Ignoring these uncertainties may even lead to… 

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