Sutrisna, M; Pellicer, E; Torres-Machi, C and Picornell, M (2020) Exploring earned value management in the Spanish construction industry as a pathway to competitive advantage. International Journal of Construction Management, 20(1), pp. 1-12. ISSN 1562-3599
Abstract
As a well established discipline and profession, project management has its distinctive tools and techniques. One of them that has been considered the embodiment of the core principles of project management is the Earned Value Management (EVM). In managing construction projects, the EVM has been considered as a suitable tool and hence, has been implemented in various construction industry but absent in some others. Taking into account the dynamic environment where construction companies have to operate, particularly in turbulence environments as the direct result of recent global economic downturn, this paper explores the potential implementation of EVM in one of the construction industry, the Spanish construction industry. The outcomes confirm the needs for and feasibility of implementing EVM as a structured approach in the industry to reposition the Spanish construction industry with the long term view to increase its project management maturity level as a pathway to gaining competitive advantage.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | economic crisis; EVM; project management; Spain |
| Index terms: | construction industry, implementation, project management, profession, Spain, competitive advantage, maturity level, turbulence, construction project, earned value management, construction company |
| Subjects: | project management theory and practice, evaluation, Geography, production management, industry analysis, market analysis, control systems, institututions, organization, fluid mechanics, contractual arrangements |
| Topics: | Roles and Professions, Procurement, Business Strategy, Research Practice, Geographical Context, Project Management, Engineering Principles |
| Descriptive scope: | 3 PCT |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here