EARN VALUE ANALYSIS FOR PROJECT PERFORMANCE IN PRECAST BUILDING CONSTRUCTION: A STUDY ON THE APPLICATION OF USING MICROSOFT PROJECT SOFTWARE

Miss Apeksha Sandesh Kadam; Dr P M Alandkar; Ms Swati Kshirsagar

EARN VALUE ANALYSIS FOR PROJECT PERFORMANCE IN PRECAST BUILDING CONSTRUCTION: A STUDY ON THE APPLICATION OF USING MICROSOFT PROJECT SOFTWARE

Authors: Miss Apeksha Sandesh Kadam, Dr P M Alandkar, Ms Swati Kshirsagar

Unique Paper ID: 170113
Volume: 11
Issue: 6
PageNo: 2613-2618

Keywords: Earn Value Analysis Precast Concrete Construction scheduling Construction scheduling Monitoring and Controlling project.

Abstract:
Earned Value Analysis (EVA) is a project management technique that integrates project scope, time, and cost to provide a comprehensive assessment of a project's performance. By comparing the planned progress to actual progress and costs, EVA offers valuable insights into a project’s health, allowing managers to identify issues early and take corrective action before they escalate. In the context of precast building construction, where complex processes such as manufacturing, transportation, and assembly of precast elements are involved, EVA becomes particularly crucial for managing performance and ensuring successful project delivery. Precast construction involves the prefabrication of concrete components in a controlled environment, followed by their transportation and assembly at the construction site. The process provides several benefits, including faster construction times, enhanced quality control, and cost-effectiveness. However, the nature of precast construction presents challenges such as the coordination of materials, tight schedules, and managing the logistics of transporting large components. As a result, keeping projects on track requires effective monitoring of progress and cost efficiency. This is where Earned Value Analysis becomes an essential tool for project managers. The implementation of EVA in precast building construction enables a clear understanding of how much work has been completed relative to the planned schedule and budget. By measuring both the Earned Value (EV) (the value of work actually performed) and comparing it to the Planned Value (PV) (the value of work planned to be performed) and Actual Cost (AC) (the actual cost incurred for the work performed), EVA provides a snapshot of project performance. Key performance indicators such as Cost Performance Index (CPI) and Schedule Performance Index (SPI) can be derived from EVA, helping project managers evaluate whether the project is ahead or delay in schedule and under budget. This study aims to explore the role and application of Earned Value Analysis in precast building construction, emphasizing its utility in improving project outcomes. It will investigate how EVA can be applied to track and manage the unique elements of precast construction projects, including timelines for manufacturing, transportation, site assembly, and integration of different trades. By highlighting case studies and industry practices, the research seeks to demonstrate the effectiveness of EVA in enhancing decision-making, mitigating risks, and optimizing project performance in the precast sector.

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Cite This Article

ISSN: 2349-6002
Volume: 11
Issue: 6
PageNo: 2613-2618

EARN VALUE ANALYSIS FOR PROJECT PERFORMANCE IN PRECAST BUILDING CONSTRUCTION: A STUDY ON THE APPLICATION OF USING MICROSOFT PROJECT SOFTWARE

Available:https://ijirt.org/Article?manuscript=170113

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Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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