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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Project Performance Using Earn Value Management |
| Authors Name: | Deepa N C , Rajani V Akki |
| Unique Id: | IJSDR2310103 |
| Published In: | Volume 8 Issue 10, October-2023 |
| Abstract: | Most of the infrastructure projects are not complete at due cost and time. It may take over budget and more time for completion of project than estimated due to lack of project monitoring on regular basis. The majority of the mistakes and challenges that occur during the project are still fluid at the performance and monitoring phase. Earn value technique is developed to evaluate the performance of project which helps to monitor and improve the management control system of a project. In the present study, a construction of Metro Station at Bangalore airport terminal had taken as a case study. Earn value management technique was performed using Primavera P6 software. This technology helps in comparing the scheduled budgeted cost with actual cost of work. Tracking of project had been done by three times at different stages of work and named as case-1, case-2 and case-3 to know the project status. At case-1, it was behind the schedule and on budget. At case-2 period, it was behind schedule and over budget. To overcome from the cost overrun and delay in time control measures were taken after case-2 analysis. Finally, at case-3 project was restored back to keep the project, almost on schedule and near to the budgeted cost. Thus, monitoring and controlling of project using Earn Value Management improved the project performance. |
| Keywords: | Earn Value Management (EVM), Project Performance. |
| Cite Article: | "Project Performance Using Earn Value Management", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 10, page no.629 - 635, October-2023, Available :http://www.ijsdr.org/papers/IJSDR2310103.pdf |
| Downloads: | 000338721 |
| Publication Details: | Published Paper ID: IJSDR2310103 Registration ID:208720 Published In: Volume 8 Issue 10, October-2023 DOI (Digital Object Identifier): Page No: 629 - 635 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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