EDM: Earned Duration Management
A New Approach to Schedule Performance Management and Measurement
Dr. Homayoun Khamooshi
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Concept of schedule monitoring and control as one of the most important functions of management has not been fully exploited in projects and project management environment. One possible explanation could be the dominance of the Earned Value Management System (EVMS, also known as EVM). EVM was originally developed as a cost management and control tool which was extended to track the schedule as well. The EVM and its derivatives (e.g. Earned Schedule) use cost as a proxy to measure schedule performance to control duration of the project. While there is a correlation between schedule, cost, quality, and scope of a project, using cost to control duration has proven to be misleading. In contrast to Earned Value and Earned Schedule, the authors have decoupled schedule and cost performance measures and developed a number of indices to measure efficacy and efficiency of the schedule and planned duration at any level of the project. These new indices are easy to understand, have a wider application, and can be used by contractors, clients and the scheduling offices to assess and measure schedule performance. The new duration performance index introduced which is not based on Earned Value (i.e. a cost-based measure) can be used for forecasting the finish date of the project.
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About the Speakers
Dr. Homayoun Khamooshi
Homayoun Khamooshi is an Associate Professor in the Department of Decision Sciences at the School of Business of the George Washington University (GWU). He is the chair of internationally known Master of Science in Project Management. Dr. Khamooshi earned his Ph.D. in Management Science (Project Management: Planning and Scheduling) from Lancaster University in 1994 in the United Kingdom, his Master of Engineering in Industrial Engineering and Management from Asian Institute of Technology (AIT) in 1979 in Thailand and a B.Eng. in Mechanical Engineering from Abadan Institute of Technology, Abadan, Iran in 1975.
Dr. Khamooshi has worked more than a decade in Oil, Gas and Petrochemical Industries prior to pursuing his Ph.D. at Lancaster University in the UK. His industrial experience include working as project engineer, project manager, consultant and Management Science practitioner and trainer within multiple industries including automobile, steel, oil, gas and petrochemical. Prior to joining the GWU in 2003, he worked for the University of Northampton (United Kingdom) for more than a decade.
Dr. Khamooshi has served as a reviewer and is a member of editorial board of a number of academic and professional journals including, International Journal of Project Management (IJPM), Project Management Journal (PMJ), Journal of Operational Research Society (JORS), Journal of Construction Engineering and Management(JCEM) of ASCE(American Society of Construction Engineering).
Dr. Khamooshi has consulted many public and private organizations and conducted numerous executive education and training programs worldwide including courses for I2P2M India, NIH US, SAIC US, Mc. Dean US, FGV Barzil, L&T India, NIOC Iran, NIPC Iran and others.
His research interests include project management as a dynamic system including Strategic Project Management (SPM), PRAM (Project Risk Analysis and Management), Planning and Scheduling, SIPMS (Smart Integrated Project Management Systems) and simulation based business modeling. He has numerous publications in multiple outlets including Computers and Industrial Engineering, JORS (Journal of Operational Research Society), IEEE (Engineering Management), IJPM (International Journal of Project Management), IJCM (International Journal of Construction Management) and other journals.
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