Continuous Project Evaluation of An Infrastructure Using Earned Value Analysis

Project is a temporary endeavor undertaken to give unique output or product and infrastructure is a physical structure needed for the operations of society.These infrastructure projects have different complexities and uncertainties, hence the continuous project performance evaluation becomes necessity for project.Scope, Schedule and Budget: these are the major potential measures in order to evaluate the performance of project.Earned value analysis can be used as a project performance evaluator for infrastructure project.Earned value analysis integrates cost, schedule and work performance to estimate the status of project.This is the technique which gives the quantitative measure of a project performance.In Earned value analysis comparison between planned baseline and actual progress of work is conducted.Study includes the continuous evaluation of PQC road project during 1st October 2014 to 15 th March 2015.Work break down structure is prepared such that single work package is obtained and accordingly scheduling is done using MS-Project 2013.By comparing progress of actual work to baseline values of Cost variance, schedule variance, Critical ratio, Cost performance index, schedule performance index are calculated and continuous evaluation is carried out.