Abstract:

research concept and aim were to help the running projects sponsors & managers to predict the future expenses and the total cost at completion of the project during early stage of project execution. The research was applied in Construction Management System ‘CMS’ software application which belongs to Intellectual Property Rights no. 711/2017 form United Arab of Emirates. The research based on creation of new equations & relations between Earned Value Management, 6 Sigma & projects contractual penalties. And the results were calculated based on a case study for a construction project. Keywords: Forecast, Estimate Cost, Earned Value, Project management & Expenses at Completion.

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