3th WCSET-2014 at Nepal

 

Civil Engineering / Environmental / Architecture / Planning Session:

Title:            Introduction to earn value management in Civil Engineering
Authors:       S. K. Kamane, S. A. Mahadik, A. C. Lande
Abstract:     Earned Value Management (EVM) helps project managers to measure project performance. It is a
systematic project management process used to find variances in projects based on the comparison of work performed and work planned. The earned value management approach is considered to be the most objective method available in the measurement of project performances. Earned Value provides the project manager with an objective way of measuring performance and predicting future outcomes. This can enable him to report progress with greater confidence and highlight any overrun earlier. This in turn enables the management team to make cost and time allocation decisions earlier than would otherwise be the case. It is generally true that past performance is a good indicator of future performance and as such Earned Value is a very useful tool for predicting the outcome of projects in terms of time to completion, cost to completion and expected final costs

Keywords:      EVM, Project, Variance, Cost
Pages:           167-172

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