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Control of construction projects using the Earned Value Method - case study

Content Provider	Scilit
Author	Araszkiewicz, Krystyna Bochenek, Magdalena
Copyright Year	2019
Abstract	Planning, controlling, monitoring progress are key management functions for effective implementation of construction projects. Commonly used instruments enabling performance of these functions include schedules and budgets, often in the form of a cost estimate. They are created at the initial planning stage to monitor and control cost and time deviations. Moreover, popular monitoring techniques are, for example, observation of milestones and comparative analysis of actual versus planned costs. This article presents a work progress control tool - the Earned Value Method (EVM) - which, despite its benefits, remains relatively unused in construction projects. The impact of the planning phase on the results obtained during the monitoring and control phase when utilizing EVM is discussed. This case study provides practical examples of using EVM in the implementation of construction projects and with the use of computer software. The novelty of the article results from the introduction of additional sensitivity analysis illustrating the impact of factors, such as an increase in costs or a change in delivery dates to the course of deviation curves. Use of sensitivity analysis in relation to the results of the CPI and SPI calculations affords combining control of costs and time with risk monitoring in the project. The findings reveal significant benefits in using EVM to implement construction projects but also highlight some important limitations.
Related Links	http://www.degruyter.com/downloadpdf/j/eng.2019.9.issue-1/eng-2019-0020/eng-2019-0020.xml
Ending Page	195
Page Count	10
Starting Page	186
e-ISSN	23915439
DOI	10.1515/eng-2019-0020
Journal	Open Engineering
Issue Number	1
Volume Number	9
Language	English
Publisher	Walter de Gruyter GmbH
Publisher Date	2019-01-01
Access Restriction	Open
Subject Keyword	Open Engineering Building and Construction Earned Value Method (evm) Cost Control Schedule Control Journal: Open Engineering, Vol- 9, Issue- 1
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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