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Validating the impact of EVM on project life cycle

conference contribution
posted on 16.08.2018, 00:00 authored by Samer SkaikSamer Skaik, M Hawary
With the inevitable increase in size and complexity of construction projects, the need for proper control is increasing. Considering the fact that each project strives for excellence, numerous studies have been conducted over the years to measure performance and investigate factors that are really critical towards project success. Earned Value Management is a project performance evaluation technique which enables industry professionals to closely monitor project performance in both time and cost .The aim of this paper is to examine the result of proper Earned Value Management (EVM) implementation on different project life cycle (PLC) and validate the impact on project success. The study investigates different success factors in construction industry with special focus on previous researchers’ work which studied the importance of cost control in project success especially in fragmented industry like construction, followed up with three different case studies to analyze the positive impact of EVM implementation on construction projects. Furthermore, for data triangulation purpose, case study analysis will be supported by interviews with specialists working in the UAE construction industry to cross check the outcomes of previous researches. The research shows that EVM application on cost control in construction projects is not only a crucial management task which is a key to the success of the business but also its influence on project success depends on the time of implementation. It requires a number of up-to-date input data consistently throughout the construction phase. Assigning the right budgets, calculating accurate estimates and monitoring actual costs throughout different project stages are the three main drivers of an effective control through PLC staring from inception stage till completion. EVM proved to be of vital importance due to alarming escalation of construction costs which needs to be especially monitored and controlled. Senior management support and availability of professional staff to execute cost control systems are key factors towards successful implementation

History

Parent Title

CIB 2014 : Proceedings of the 2014 International Conference on Construction in a Changing World

Start Page

1

End Page

15

Number of Pages

15

Start Date

04/05/2014

Finish Date

07/05/2014

Location

Dambulla, Sri Lanka

Publisher

CIB

Place of Publication

Dambulla, Sri Lanka

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Deakin University

Era Eligible

Yes

Name of Conference

Construction in a Changing World (2014)