Analysis of Construction Project Using Earned Value - A Case Study
Sharanabasava Patil, Ramya Kavuru, Ruhina Begum
Abstract
Sharanabasava Patil, Ramya Kavuru, Ruhina Begum
Abstract
Construction activity has been in existence since the cave man started building his dwelling. In India construction sector is second largest, but many construction projects go through from price overrun and plan delay.Analysis of project performance using earned value method which has been followed for software program in challenge management. The dissertation goal is to discover the idea of earned value, its technique and metrics in overall performance measurement and forecasting project progress. The effectiveness of making use of earned value project management in real project, Construction of residential apartment that's taken as a part of Case Study. MS Project is used for Project Planning, Scheduling and Earned Value Calculation. The present study offers with the planning, scheduling and Project overall performance dimension the use of Earned Value Parameters such as Variances, Performance Indices, and Forecasting project progress. The result obtained from this calculation the paper concludes the importance of project performance measuring with the aid of Earned Value evaluation in improving project performance of a construction projects.
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Construction activity has been in existence since the cave man started building his dwelling. In India construction sector is second largest, but many construction projects go through from price overrun and plan delay.Analysis of project performance using earned value method which has been followed for software program in challenge management. The dissertation goal is to discover the idea of earned value, its technique and metrics in overall performance measurement and forecasting project progress. The effectiveness of making use of earned value project management in real project, Construction of residential apartment that's taken as a part of Case Study. MS Project is used for Project Planning, Scheduling and Earned Value Calculation. The present study offers with the planning, scheduling and Project overall performance dimension the use of Earned Value Parameters such as Variances, Performance Indices, and Forecasting project progress. The result obtained from this calculation the paper concludes the importance of project performance measuring with the aid of Earned Value evaluation in improving project performance of a construction projects.
Key concepts: Earned value management, Project planning, Project management, Integrated project delivery, Project plan, Software project management, Project management triangle, Value engineering