Aramali, V; Gibson, G E; El Asmar, M and Sanboskani, H (2023) Novel earned value management system maturity framework and its relation to project performance. Journal of Construction Engineering and Management, 149(6): 04023031, ISSN 0733-9364
Abstract
Earned value management systems (EVMS) are used by industry practitioners to successfully manage projects and programs; however, there has been no past study to characterize and evaluate the impact of EVMS maturity on project performance. This paper introduces a novel framework, developed to measure the EVMS maturity, composed of 56 attributes arrayed across ten subprocesses, which together make up an integrated project/program management system. This paper describes how the framework was conceived and developed, based on literature review and data collected from industry workshops. Then, it examines the relationship between EVMS maturity and ten project performance metrics through statistical analyses. The study analyzed project data from 35 projects and programs worth over $21.8 billion in total cost. For this sample, results showed statistically significant differences between projects with high and low EVMS maturity; on average, projects exhibiting high EVMS maturity have 54% less cost overruns and 19% less change orders versus their performance measurement baseline. Higher maturity projects and programs also achieve better customer satisfaction, meet business objectives more often, and are more often in compliance with EVMS standards and guidelines. This paper contributes to the body of knowledge by providing a practical and novel framework for assessing the maturity of earned value management systems. Practitioners can use the framework to improve their integrated project and program management.
| Item Type: | Article |
|---|---|
| Index terms: | customer satisfaction, project performance, statistical analysis, change order, cost overrun, workshop, performance measurement, body of knowledge, practitioner, program, earned value management, project data, literature review, management system, compliance |
| Subjects: | practitioner, control systems, data collection methods, construction type, data science, data analysis and analytics, knowledge management, financial and cost management, service delivery, health safety and environment, contractual condition, project management theory and practice, management, performance measurement, software systems |
| Topics: | Contract Administration, Organizational Design, Digital Applications, Quality Management, Stakeholder Management, Roles and Professions, Construction Technology, Cost Management, Health and Safety, Research Practice, Project Management, Information Management |
| Descriptive scope: | 4 PCEA |
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