Comparison of Project Monitoring and Controlling Methods: Earned Value Management (EVM) & Earned Duration Management (EDM)
Chitti Babu Kapuganti1, Balaji K.V.G.D2, T. Santhosh Kumar3
1Chitti Babu Kapuganti, Assistant Professor, Department of Civil Engineering, GITAM Institute of Technology, GITAM, Visakhapatnam (Andhra Pradesh), India.
2Balaji K.V.G.D., Professor, Department of Civil Engineering, GITAM Institute of Technology, GITAM, Visakhapatnam (Andhra Pradesh), India.
3T. Santhosh Kumar, Assistant Professor, Department of Civil Engineering, GITAM Institute of Technology, GITAM Visakhapatnam (Andhra Pradesh), India.
Manuscript received on 24 March 2019 | Revised Manuscript received on 05 April 2019 | Manuscript Published on 18 April 2019 | PP: 549-555 | Volume-7 Issue-6S March 2019 | Retrieval Number: F03060376S19/2019©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: Planning, Scheduling, Monitoring and Controlling are four phases of project management. In these four phases, Monitoring and Controlling are two main phases in which any deviation occurs, it will have major effect on scheduled completion date and budgeted cost of the project. Earned value management (EVM) is one of most popularly known and used project monitoring and controlling techniques. As EVM represents the time in terms of budget, some researchers have derived an extensions for that process. Comparison of Earned value management (EVM) and its derivative Earned Duration Management (EDM) with help of case study is presented in this paper.
Keywords: Earned Duration Management, Earned Schedule, Earned Value Management, Project Monitoring and Controlling Methods, Schedule Performance.
Scope of the Article: Simulation Optimization and Risk Management