Project monitoring by dynamic statistical control charts

Project monitoring activities are fundamental to assure a timely identification of unacceptable project's deviations from the baseline, so that corrective actions may be taken to bring the project back in line with its objectives. Regarding this, the most used approach is the Earned Value Management (EVM) technique. However, traditional EVM metrics do not allow the Project Manager (PM) to recognize if project deviations are due to the natural project variability or to systemic and undiscovered causes that are moving the project to unacceptable out-of-controls. With this recognition, a statistical project control system based on the use of dynamic Shewhart's and CUmulative SUM (CUSUM) contro…