Bayesian Belief Network Based Management Reviews, Using Project Performance Data from Earned Value Analysis
Manoj Tyagi, Rita Shrivastava, Anuja, Nitin Sharma · International Journal of Innovative Research and Development · 2015
Earned Value Analysis (EVA) is a well known technique to monitor the status of a project. Paper presents the concept of making a Bayesian Belief Network model for higher management review meetings using key outputs of EVA, as a best practice to be imbibed. It provides a quick overview of the overall state of the project from the perspective of decision making. Thus, it is employed like a Decision Support Systems, for taking project’s course decisions and knowing the causes of projects' state. This practice hides the nitty-gritty of numbers and provides the desired level of abstraction, enabling easier and faster higher management level decisions for project control.