An Integrated Efficiency-Risk Approach in Sustainable Project Control
Read this paper, which describes the most common project management tools and then presents a hybrid model combing different elements from each. It then uses the model in a case study analysis. Think about how the hybrid simultaneously controls for model parameters. How does this increase project sustainability and efficiency in the case study?
4. Integrated Efficiency–Risk Methodology with the Combination of Two EVM and CCM Techniques
4.1 Computing the Cost and Schedule Buffers of the Projects
In this method, it is necessary to compute the buffer mentioned in this article, the schedule buffer mentioned, and the cost buffer. For the calculation of these buffers, the estimated average time and cost for all activities are used. Based on the estimation of duration and cost of activities, the probability function of each one, and the formulas in Section 2, the cost buffer and schedule buffer of the project can be extracted by various methods.