Evaluation of two schedule control techniques for the development and implementation of new technologies: A simulation study

The development and implementation of new technologies are areas of engineering and technological management which are subject to uncertainty. To assist management in dealing with the effects of uncertainty, control systems can be used for projects. In particular, for projects in which new technologies are used, control systems can be very useful because of the lack of experience in the new fields. The systems enable the deviations from schedule to be seen and assist management by identifying the corrective actions that are required. This study compares the value of Critical Path Methods and an Earned Value Method by the use of a simulation approach.