Abstract:
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ABSTRACT
With the modernizing of the construction industry the orthodox methods of project tracking
have become obsolete and new methods are required for efficient project management. One
such method is the Earned value management (EVM). This project deals with the EVM
calculations on a real-life building. A real-life construction project was taken as a case study.
Progress reports were taken from the site and scheduling was done on Primavera. After
successful scheduling Earned value analysis was performed and as a result it was concluded
that the project faced budget overruns due to the primarily two reasons; time delay due to the
ongoing pandemic, and non-availability of both resources and labor also led to variances in
project. The estimated time of the project was a year but due to the delay it had a time delay
of 2-3 months which also had an effect on the cost of the project. Finally, it was concluded
that if we want to avoid these variances, adequate planning needs to be done at the start of the
project, a proper schedule is to be made and construction processes are to be done in accordance
with the schedule and the dead lines should be met.
