TITLE:
Challenges and opportunities of completing successful projects using Earned Value Management
AUTHORS:
Cedric Stone
KEYWORDS:
Aleatory Risk, Epistemic Risk, Provisioning Issues, Systemic Issues, Risk Uncertainty
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.2,
March
10,
2023
ABSTRACT: This research proposed analyzing projects from a
risk uncertainty perspective by using EVM to predict the systemic (Epistemic
Risk) and provisioning (Aleatory risk) uncertainties to achieve project
success. The results of the study synthesized empirical findings with theories
and concepts. To bridge the gap, this research study focuses on minimizing or
alleviating epistemic and aleatory risk uncertainties. The research method
included a qualitative exploratory study with thematic analysis. The
participants for the study were project managers with a PMP certification and
EVM knowledge who worked on government contract requirements and members of the
local chapter of the Project Management Institute.