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ISSN : 2456-3676

Title:
A STUDY ON THE EARNED VALUE AS SUPPORT FOR BUSINESS PROCESSES IMPROVEMENT IN THE CONTEXT OF INDUSTRY 4.0

Authors:
Mircea Sandru, Marieta Olaru, Elisa Gotesman Bercovici, Romania

Abstract:
In context of a continuously dynamic global economy, the improvement of the business processes performances becomes mandatory for surviving the strong concurrent environment facing the new technological revolution concept Industry 4.0. The companies need to keep up the paste with the market changes and challenges. They need to adapt, they need to be more performing in bringing on the market new products and services in competitive conditions, and these can be reached only by managing carefully the internal business processes and developing projects. Managing them as a whole is not the solution neither micromanaging them as single entities will not help. The solution is a mixed one, carefully adapted to the strategic objectives of the companies. This paper examines the scientific literature and the best practices related to multi project management environment and its influence on the performance of business processes. Literature confirms the existing of the concepts and models, thus the use of these on an integrated business environment is difficult. The research identifies the Earned Value analysis as a promoter not only for the improvement of each project performance, but even more as a tool for increasing the performance of the integrated multi project environment and trough this of the organization internal business processes. This can be the basis of an overall integrated Earned Value Management System, used by managers to improve the project management environment in order to enhance the performance of their company.

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