This paper endeavors to answer the following questions.
1.What management thinking theory of management underlies
project control methods and tools?
2. Is the managing by means MBM more suitable to daily project production system where
each task is highly interdependent? The scope of the paper is
limited in this paper in investigating the earned value method EVM and the last planner system LPS .
A theoretical investigation is used to answer the first question based on the dichotomyvbetween MBM and managing by resultsvMBRvsuggested by Johnson and Bromsv2000.
The second question is sought by a theoretical investigation focusing on the assumptions of EVM and LPS, followed by a field case study on how LPS and EVM are effective in managing daily production system as well as empirical evidences from literatures.