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Synopsis
Efficient decision making mandates the accuracy of forecasted estimations of a contract's final value known within Earned Value Management (EVM) as the Estimates at Completion (EAC). Our research evaluates the prospect of nonlinear growth modeling as an alternative to the current predictive tools used for calculating EAC, such as the Cost Performance Index (CPI), the Schedule Cost Index (SCI), and the Composite Index methods. Our study uses the Gompertz growth curve to produce three EAC Models based on contract phase: A Production Model, a Development Model, and a Combined Model.
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An Evaluation of Growth Models as Predictive Tools for Estimates at Completion
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An Evaluation of Growth Models as Predictive Tools for Estimates at Completion
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British Library, Historical Print Editions, 2012
ISBN 10: 1288318340
ISBN 13: 9781288318346
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An Evaluation of Growth Models as Predictive Tools for Estimates at Completion
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