Validating the impact of EVM on project life cycle

Skaik, Samer and El-Hawary, Maged 2014, Validating the impact of EVM on project life cycle, in CIB 2014 : Proceedings of the 2014 International Conference on Construction in a Changing World, CIB, [Dambulla , Sri Lanka], pp. 1-15.

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Title Validating the impact of EVM on project life cycle
Author(s) Skaik, SamerORCID iD for Skaik, Samer
El-Hawary, Maged
Conference name Construction in a Changing World. Conference (2014 : Dambulla, Sri Lanka)
Conference location Dambulla, Sri Lanka
Conference dates 4-7 May. 2014
Title of proceedings CIB 2014 : Proceedings of the 2014 International Conference on Construction in a Changing World
Editor(s) [Unknown]
Publication date 2014
Conference series Construction in a Changing World Conference
Start page 1
End page 15
Total pages 15
Publisher CIB
Place of publication [Dambulla , Sri Lanka]
Keyword(s) Control
Earned Value Management
Summary 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
Language eng
Field of Research 129999 Built Environment and Design not elsewhere classified
Socio Economic Objective 970112 Expanding Knowledge in Built Environment and Design
HERDC Research category E1.1 Full written paper - refereed
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Created: Tue, 16 Sep 2014, 14:06:41 EST

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