Hanna, A S (2012) Using the earned value management system to improve electrical project control. Journal of Construction Engineering and Management, 138(3), pp. 449-457. ISSN 0733-9364
Abstract
In many cases, disorganized cost and schedule tracking practices, as well as inaccurate data collection, cause many projects to experience distress and possible profit loss. This paper introduces an earned value management system that allows electrical contractors to monitor construction progress, perform forecasts on the project, uncover problems occurring on-site, and respond to problems in the project as early as possible. This paper also presents a case study, along with its results, to supplement the application of the earned value management system. In the case study, several progress reports for the earned value system were used, including the field personnel loading curve, Hanna's control points, S-curves, performance factor profiles, and work-hour forecasts. Results from the analysis showed that early determination of probable project outcome is possible with reasonable forecasting accuracy. Early warning signs are discussed and explained by the author. Using an earned value management system can also help detect cost overruns and schedule slippages early in the project, which makes it possible for the project team to take corrective measures in a timely manner.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction management; efficiency; productivity; scheduling |
| Index terms: | efficiency, distress, case study, forecasting, productivity, cost overrun, project outcome, s-curve, loading, project team, project control, personnel, scheduling, early warning, accuracy, earned value management, profit |
| Subjects: | data collection methods, project completion, control systems, operations research, construction operations, financial and cost management, project delivery, prediction and forecasting, economic analysis, management, structural engineering, economics, performance management, professional development, financial risk |
| Topics: | Time Control, Site Management, Quality Management, Human Resources, Cost Management, Business Strategy, Engineering Principles, Information Management, Research Practice, Project Management |
| Descriptive scope: | 4 PCEA |
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