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Monitoring of Construction Projects Using EVM and ESM Tools

Rajesh Ganpat Virle and Sumedh Y Mhaske
Department of Civil & Environmental Engineering, Veermata Jijabai Technological Institute, Mumbai

Abstract—Earned Value Management (EVM) is a powerful methodology that gives executives, project managers, and other stakeholders the ability to visualize project status throughout the project life cycle and consequently manage projects, programs, and portfolios more effectively. The Earned Schedule (ES) allows EVM metrics to be transformed to time or duration rnetrics to enhance the evaluation of project schedule performance and to forecast the duration needed to complete the project. When combined with schedule analysis, ES can enhance the project manager's understanding of project schedule forecasts and provide further insights for making better decisions about project schedule and related parameters. When should a manager take action to correct a project not performing well and what should he do if he decides to act on the performance of the project. A poor outcome is a certainty if the manager's decision and action are not appropriate. This paper discusses the questions, and the manager's considerations. It gives alerts to the project manager that where is he in the project, whether his project is behind schedule, ahead schedule or on schedule. 

Index Terms—project monitoring, earned value management, earned schedule management

Cite: Rajesh Ganpat Virle and Sumedh Y Mhaske, "Monitoring of Construction Projects Using EVM and ESM Tools," International Journal of Structural and Civil Engineering Research, Vol. 2, No. 4, pp. 128-135, November 2013.