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DO EARNED VALUE MANAGEMENT (EV M ) ANALYSIS SCHEMES HAVE SPORADIC SIGNIFICANCE?

Article

Last updated: 05 Jan 2025

Subjects

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Tags

Management
Construction projects
Earned value
Cost control
Fuzzy approach
DO EARNED VALUE MANAGEMENT (EV M ) ANALYSIS SCHEMES HAVE SPORADIC SIGNIFICANCE?
ICASGE'23

Abstract

Many analysis schemes for Earned Value Management (EVM) were previously proposed by several investigators based on stochastic or deterministic basis. Although EVM was set up to follow time and cost, the majority of the researches have focused on the cost aspect alone. Nevertheless, EVM provides two well-known schedule performance indices: the schedule variance and the schedule performance index. These two measures are useful indicators to analyze a project's performance. A comparative study presented earlier by the authors indicated sporadic predictions of some methods. The present study further examines the consistency of selective EVM analysis schemes for a case study. Method of Earned Schedule (ES), Fuzzy approach method, Planned Value method, Earned Duration method, the Linked EVM with time based schedule method and Active Floating Time method (AFT) have been implemented for this purpose. The predictions of the examined schemes showed that consistency of the EVM analysis schemes was not always guaranteed. Another prospective of the existing schemes is that consideration need to be further devoted to incorporate quality along with cost and time for a more comprehensive EVM for holistic performance measure.

Keywords

Management, Construction projects, Earned value, Cost control, Fuzzy approach

Authors

First Name

Khaled

Last Name

Nofal

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First Name

Tamer

Last Name

El-Korany

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First Name

Emad

Last Name

E. Etman

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First Name

Salah

Last Name

El-Din F. Taher

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Volume

ICASGE2017

Issue Date

1 Jan 2017

Publish Date

29 May 2022

Link

https://icasge.conferences.ekb.eg/article_1502.html

Order

231

Publication Type

Conference

Publication Title

ICASGE'23

Publication Link

https://icasge.conferences.ekb.eg/

Details

Type

Article

Locale

en

Created At

13 Dec 2022