APPLICATION OF EARN VALUE IN CONSTRUCTION PROJECT MANAGEMENT

Abstract

Adaptation and understanding the importance of advance methodology with new technology instead of using traditional methods in practice and putting effort for its application at project are the major concern companies are facing today in implementation of EVM. The research presents the result of the questionnaires survey conducted to identify and evaluate the relative importance of the significant factors contributing to increase in cost & effort in implementation of EVM of Construction Projects. Implementation of EVM on Construction projects are getting affected by different stages of activities required for project management. The factors that causes increase in cost & effort needs to be identified. The project and people surveyed in this study were involved in management of 30 different projects such as Highways schemes, High Speed Railway, Hospital, Residential & Commercial Building Solar Power sectors. In this research the project team members i.e. owner, contractor, consultant, Engineers etc. are taken for questionnaire survey to obtain the factors and research to identify the main causes and effects which increases the cost & effort of implementing EVM on construction projects. The responses and comments against each factors identified brings us to the result suggesting the area of need to be emphasised from for adaptation of EVM from inception to completion of a construction project. Key Words: Project management, Cost efficient, Survey, Relative important index (RII), Importance index (IMPI)