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Article

The Enhanced-Earned Value Management (E-EVM) Model: A Proposal for the Aerospace Industry

1
Departamento de Economía de la Empresa, Universidad Rey Juan Carlos, 28032 Madrid, Spain
2
Departamento de Organización de Empresas y Marketing, Universidad Complutense de Madrid, Campus de Somosaguas, 28223 Madrid, Spain
3
Departamento de Economía y Empresa, Universidad de Almería, La Cañada de San Urbano, s/n, 04120 Almería, Spain
*
Author to whom correspondence should be addressed.
Academic Editor: Theodore E. Simos
Symmetry 2021, 13(2), 232; https://doi.org/10.3390/sym13020232
Received: 30 December 2020 / Revised: 20 January 2021 / Accepted: 26 January 2021 / Published: 30 January 2021
(This article belongs to the Section Computer and Engineering Science and Symmetry/Asymmetry)
The framework of this paper is the aerospace industry, which is one of the world’s leading sectors, thus playing a noteworthy role in current society. This makes it especially important to try to optimize the management of the aerospace sector. Therefore, the main objective of this paper is to propose the so-called Enhanced-Earned Value Management (hereinafter, E-EVM) model, able to explore the simultaneous evaluation of many projects, from which the management of the project can take advantage. Additionally, this model considers the possibility of forecasting pending tasks, measurable in time units or cost units, until the end of the project. The main contribution of E-EVM methodology is its capacity to detect both delayed and advanced projects by converting times (hours) into monetary units (EUR). Empirically, this enhanced model has been applied to a real case study in the aerospace industry composed of thousands of subprojects and the results provide the project manager with valuable information to make decisions in a short term. Through computer graphic representation techniques, the visualization of project deployment can be improved. Finally, the E-EVM model can be used even in big projects where a very large volume of information must be simultaneously treated and also, it will be suitable to apply pattern recognition concerning the project performance. View Full-Text
Keywords: aerospace industry; enhanced earned value management; project management; data compression; pattern recognition aerospace industry; enhanced earned value management; project management; data compression; pattern recognition
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MDPI and ACS Style

López Pascual, J.; Meléndez Rodríguez, J.C.; Cruz Rambaud, S. The Enhanced-Earned Value Management (E-EVM) Model: A Proposal for the Aerospace Industry. Symmetry 2021, 13, 232. https://doi.org/10.3390/sym13020232

AMA Style

López Pascual J, Meléndez Rodríguez JC, Cruz Rambaud S. The Enhanced-Earned Value Management (E-EVM) Model: A Proposal for the Aerospace Industry. Symmetry. 2021; 13(2):232. https://doi.org/10.3390/sym13020232

Chicago/Turabian Style

López Pascual, Joaquín, Juan C. Meléndez Rodríguez, and Salvador Cruz Rambaud. 2021. "The Enhanced-Earned Value Management (E-EVM) Model: A Proposal for the Aerospace Industry" Symmetry 13, no. 2: 232. https://doi.org/10.3390/sym13020232

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