Business, Management and Accounting
8 years ago

Revolutionizing Construction Projects: Earned Value Management Saves Time and Money

An Analysis on Resource Planning, Cost Estimation and Tracking of Project by Earned Value Management
Shaik Mohammad Masood

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The article discusses how earned value management can help control costs and time in construction projects. It explains how this technique compares planned costs to actual costs, helping to prevent overruns. The study shows how to use Primavera P6 software for project planning and EVM calculations. By analyzing a real project example, the researchers demonstrate the importance of proper resource planning and tracking for successful project management in the construction industry.