ANALYSIS ON COST, SCHEDULE AND TRACKING OF RESIDENTIAL PROJECT BY EARN VALUE MANAGEMENT METHOD USING PRIMAVERA P6
Chiranjeevi D S, Dr.G.Narayana, Rajeeva S J
Earn value management (EVM), Cost, Schedule, PMBOK, Primavera P6.
Construction industry is the vital industry in the developing countries like India, as it contributes to the socio-economic development of country. Project cost and time is the critical factor in construction industry as its overrun /under run impact the total project duration and cost. So, main preference wants to give for cost & schedule. As a developing country so much competition is there in a market for a construction sector in order to sustain in the market we have to follow the promise was given to the client & customers of the completion of the project on the time and within the budget. We have to think and do our work in a more sustainable way.The EVM gives the details of project working from the planned data, actual cost incurred in project and worth of the work done as spent the money[EV]. Performance indices data is given in EVM by using that data we can ladder way to the project success. Software package primavera p6 is used in this analysis of cost schedule & tracking of a project. From this software package we will get know the performance of project better. Project management body of knowledge (PMBOK) is the body giving set of procedure and policies to maintain in the construction project to make it better manageable, good vision able and stipulated to the budgeted cost. As a construction industry is vulnerable to uncertainties we have to manage a project in good aspects.