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EVMS for Cost Management of Residential Projects

Author(s):

Amitkumar R. Jamdar , Dr. D Y Patil School of Engineering, Lohegaon Pune, Maharashtra 412105, India; Prof. Pranay R. Khare, Dr. D Y Patil School of Engineering, Lohegaon Pune, Maharashtra 412105, India

Keywords:

EVA, SME, monitoring, management

Abstract

This paper describes a qualitative study that discusses the barriers involved in implementing EVA (Earned Value Analysis) for project monitoring in Indian construction SMEs. Many major construction projects have incurred cost overruns. A cost overrun, also known as a cost increase or budget overrun, is an unexpected cost incurred in excess of a budgeted amount due to an underestimation of the actual cost during budgeting. The approach used to carry out this study is qualitative. Since this study required finding out the working and approach of construction SMEs towards project monitoring, it was necessary to adopt a qualitative approach. The findings revealed that the problem in implementing EVA is less technical and more a management working problem. A considerable professionals agreed upon changing the complete working environment and framework of the organization in order to implement EVA. The basic input factors required for the use of EVA and the factors creating barriers in implementing EVA are discussed in this paper.

Other Details

Paper ID: IJSRDV3I60025
Published in: Volume : 3, Issue : 6
Publication Date: 01/09/2015
Page(s): 4-6

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