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REVIEW ON IMPLEMENTATION OF EARNED VALUE MANAGEMENT (EVM) SYSTEMS

  • Unique Paper ID: 169556
  • Volume: 11
  • Issue: 6
  • PageNo: 1601-1614
  • Abstract:
  • There are many studies and research were done for finding the causes for delay in time and overruns in the cost of the project. Earned value is a management technique which is developed for evaluating the performance of the project. We all know that the construction industry is most leading industry all over the world. The Construction industry includes major activities and their sub-activities. So projects are delayed due to overrunning of time, improper planning, and project resources. To avoid the problems many methods are implied to reduce the issue. Which helps to improve management control system of a construction project, to detect and control the problems in potential risk areas and to suggest the importance and purpose of monitoring the construction work. This analysis gives a graphical representation of the present status of the project. While in the market, there are so many software’s available for project management scheduling earn vale for project and entire structure. The planned work and actual works on EVM analysis. Project management software, which define collecting, recording, monitoring, controlling and reporting function. This research explains elements of earned value key management system involved in the calculation of cost and time which are required for construction projects and analysis of commercial building. In this project, we study project controlling and monitoring can be done and cause of delay can be found out for commercial building.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 6
  • PageNo: 1601-1614

REVIEW ON IMPLEMENTATION OF EARNED VALUE MANAGEMENT (EVM) SYSTEMS

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