Yang, J B and Lai, T H (2024) Selecting EVM, esm and EDM(t) for managing construction project schedule. Engineering, Construction and Architectural Management, 31(12), pp. 4988-5006. ISSN 0969-9988
Abstract
Purpose: This study aims to review earned value management (EVM)-relative methods, including the original EVM, earned schedule method (ESM) and earned duration management (EDM(t)). This study then proposes a general implementation procedure and some basic principles for the selection of EVM-relative methods. Design/methodology/approach: After completing an intensive literature review, this study conducts a case study to examine the forecasting performance of project duration using the EVM, ESM and EDM(t) methods. Findings: When the project is expected to finish on time, ESM with a performance factor equal to 1 is the recommended method. EDM(t) would be the most reliable method during a project's entire lifetime if EDM(t) is expected to be delayed based on past experience. Research limitations/implications: As this research conducts a case study with only one building construction project, the results might not hold true for all types of construction projects. Practical implications: EVM, ESM and EDM(t) are simple and data-accessible methods. With the help of a general implementation procedure, applying all three methods would be better. The power of the three methods is definitely larger than that of choosing only one for complex construction projects. Originality/value: Previous studies have discussed the advantages and disadvantages of EVM, ESM and EDM(t). This study amends the available outcomes. Thus, for schedulers or researchers interested in implementing EVM, ESM and EDM(t), this study can provide more constructive instructions.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | earned duration management; earned schedule method; earned value management; schedule management |
| Index terms: | duration, implementation, case study, forecasting, methodology, construction project, earned value management, building construction, literature review, scheduler |
| Subjects: | research methods, production management, building construction, practitioner, contractual arrangements, project controls, data collection methods, control systems, data analysis and analytics, prediction and forecasting |
| Topics: | Procurement, Project Management, Time Control, Roles and Professions, Construction Technology, Research Practice |
| Descriptive scope: | 5 PCTEA |
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