Validation of Earned Value Management (EVM) Technique for an Industrial Project Using Primavera- Case Study

Abstract

xii 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.