Decision Sciences
5 years ago

Revolutionizing cost control in construction projects for timely completion and lower costs

Periodicals of Engineering and Natural Sciences (PEN)
Using modified earned value for cost control in construction projects
Alyaa Abdul Ameer Ahmed, Marwan Abdul Hameed Ashour, Iman A. H. Al-Dahhan

Paper Summary

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The research aimed to predict future costs of construction project stages using a modified earned value method. By dividing the project into five stages, costs were controlled and decisions improved. The study focused on the Iraq gate residential project, showing that the modified method led to completing the project on time and at lower costs compared to actual costs. The results indicated that the final cost using the modified method was lower than predicted and actual costs, with the ability to overcome delays and save money.