Study & Analysis of Construction Project Management with Earn Value Management System
Sunil Ganpat Mahadik1, Pankaj P. Bhangale2
1Sunil G. Mahadik, Department of Civil Engineering, SSGB College of Engineering & Technology, Bhusawal (Maharashtra), India.
2Prof. Pankaj P. Bhangale, Department of Civil Engineering, SSGB College of Engineering & Technology, Bhusawal (Maharashtra), India.
Manuscript received on 10 September 2013 | Revised Manuscript received on 19 September 2013 | Manuscript Published on 30 September 2013 | PP: 40-44 | Volume-3 Issue-4, September 2013 | Retrieval Number: D1195093413/13©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: As India is one of the fastest developing countries in the world, remarkable achievements have been made in the construction field. Construction companies in India are now facing new opportunities and challenges. In last few decades concept of project management has gained increasing demand among big construction industries. Now a day’s customer and client are demanding higher level of performance with respect to schedule, cost from construction organization, at the same time available to fulfill the client’s requirements are becoming crucial to complete project within agreed schedule and cost. In this research / thesis mentioned, knowledge about concept of construction project management with the application of Earned Value Management System. It also includes schedule monitoring, controlling, cost monitoring, controlling with respect to established baseline standards, and various elements of project management. The observations and knowledge from literature review are applied to analyze the construction project management using earned values analysis and management in Indian construction industry. General information regarding project – a management in Indian construction industry including challenges for schedule and cost control management will be presented in this research to give some idea regarding difference between Indian construction industry and western countries. The mentioned objectives are to be tested through the experimental and field methods like case study. By using the knowledge from literature review and results from case study analysis some measures to improve project management with earned value management in Indian construction industry are recommended.
Keywords: Construction Management, Earned Value, Earned Schedule, Project Management.
Scope of the Article: Construction Engineering