Construction Research Congress 2020
Earned Value Management System (EVMS) Reliability: A Review of Existing EVMS Literature
Publication: Construction Research Congress 2020: Project Management and Controls, Materials, and Contracts
ABSTRACT
Supporting project management decisions using an earned value management system (EVMS) brought significant benefits to control schedule and cost for government owners and contractors. However, the lack of a holistic approach in developing and applying an EVMS that is strongly tied to established guidelines tends to cause confusion. This study analyzes existing EVMS studies and suggests management considerations for successful EVMS implementation. Based on a review of literature, this paper identifies a need for improving the reliability of EVMS. Technical guidelines assist in the application of EVM good practices, which can lead to a reliable EVMS. Moreover, the literature review emphasizes that a parallel assessment considering non-technical elements such as the organizations’ management culture, is essential to improve reliability.
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ACKNOWLEDGEMENT
This study was funded by the U.S. Department of Energy. The authors would like to thank the research team members of this study entitled: “Improving the Reliability of EVMS Compliance Reviews and EVMS Maturity Level Assessments.”
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Information & Authors
Information
Published In
Construction Research Congress 2020: Project Management and Controls, Materials, and Contracts
Pages: 631 - 639
Editors: David Grau, Ph.D., Arizona State University, Pingbo Tang, Ph.D., Arizona State University, and Mounir El Asmar, Ph.D., Arizona State University
ISBN (Online): 978-0-7844-8288-9
Copyright
© 2020 American Society of Civil Engineers.
History
Published online: Nov 9, 2020
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