Level:
Basic
TCM Section(s):
9.2. Progress and Performance Measurement
Venue: 2022 AACE International Conference & Expo
Abstract: The gradual shift in implementing an earned value management (EVM) system (EVMS) on public infrastructure projects has raised many questions. There is a lack of clarity regarding why and how to implement EVMS, and many contractors often shy away from adopting and implementing the earned value management system (EVMS). This paper focuses on providing answers and recommendations for the implementation of EVM at the program/project level.It demonstrates a simple technique for the input of data to the project schedule to get reliable outputs and metrics for the stakeholders. This paper also highlights a detailed systematic guide to implement EVMS for the contractor and provides recommendations to consultants for a flexible and realistic approach, to be best suitable to the nature of the project relative to the construction industry.
TCM Section(s):
9.2. Progress and Performance Measurement
Venue: 2022 AACE International Conference & Expo
Abstract: The gradual shift in implementing an earned value management (EVM) system (EVMS) on public infrastructure projects has raised many questions. There is a lack of clarity regarding why and how to implement EVMS, and many contractors often shy away from adopting and implementing the earned value management system (EVMS). This paper focuses on providing answers and recommendations for the implementation of EVM at the program/project level.It demonstrates a simple technique for the input of data to the project schedule to get reliable outputs and metrics for the stakeholders. This paper also highlights a detailed systematic guide to implement EVMS for the contractor and provides recommendations to consultants for a flexible and realistic approach, to be best suitable to the nature of the project relative to the construction industry.