Standard Practices of Earn Value Management and It’s Impact on Construction Industry
T .N. Weerasinghe Mohottige
Mrs. T.N Weerasinghe Mohottige, National Water Supply and Drainage Board, Sri Lanka.
Manuscript received on 21 November 2013 | Revised Manuscript received on 28 November 2013 | Manuscript published on 30 November 2013 | PP: 1-3 | Volume-2 Issue-5, November 2013 | Retrieval Number: E0827112513/2013©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: Earn Value Management is a commonly used performance measuring and reporting mechanism. There are different types of construction projects exist. Some projects are rather similar, while others are completely different in characteristics. Hence the same EVM technique will not give the best results for every project and that EVM is not even appropriate for certain projects. In applying EVM to projects, there are three commonly used Standard Practices are existed in the current practice. All these standards meet their stated objectives, but are different in their approach to the subject and detail they provide.
Keywords: Construction Projects, EVM, Performance Measuring, Standards.
Scope of the Article: Construction Engineering