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Earned Value Management for Design and Construction Project

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Earned Value Management for Design and Construction Project


Khalid Mohiuddin Khan | Mr. Masoom Reza

https://doi.org/10.31142/ijtsrd17029



Khalid Mohiuddin Khan | Mr. Masoom Reza "Earned Value Management for Design and Construction Project" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5, August 2018, pp.1482-1502, URL: https://www.ijtsrd.com/papers/ijtsrd17029.pdf

In most of the construction projects it has been notice that certain causes may lead to delay in construction activities. This will make time/schedule and cost/budget overrun in the project. Thus, it has become a major and challenging problem to complete the project on schedule and within the estimated cost. To solve this problem, the concept of construction project management by Earned Value Management System (EVMS) is evaluated. Earned Value Management (EVM) is a technique that finds the stage at which cost and time overrun; EVM technique acts as an early warning and alarming system for budget and schedule. It not only measures the project performance but also measure the progress of the schedule. In our study we have done Earn Value analysis of a construction project which was completed in the year of 2017, based on project data (BOQ, Actual Budget, and Schedule) and inputs which have been collected we are able to perform EVA by using Microsoft Project. The analysis helps in finding out the deviations both in cost as well as in time i.e. schedule variance and cost variance. It is an effective tool to measure cost, schedule & performance of the project. The EVA is useful in various fields such as IT, Industries and Construction companies etc. This paper summarizes the evolution, basic terminologies of Earned Value Analysis and effective use of it in the construction industries by Microsoft Project.

Earned Value Analysis, Cost Monitoring, Schedule Monitoring and Microsoft project


IJTSRD17029
Volume-2 | Issue-5, August 2018
1482-1502
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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