Cost and Schedule Monitoring of Industrial Building Projects: Case Study
Publication: Journal of Construction Engineering and Management
Volume 135, Issue 9
Abstract
Performance measurement is a helpful tool for taking corrective actions and controlling a project as far as this enables accurate time and cost forecasts during the first stages of the construction effort when the management team still has opportunities to make adjustments. This paper overcomes the dilemma of practicability and predictability of traditional estimates at completion based on early progress measurement by presenting the empirical results from the construction project of an industrial facility. The case may be a reference practice for assessing time and cost performance measurement of any building, whose layout can be reasonably partitioned into repeatable portions. In such circumstances, an effectively-managed traditional earned value method and appropriate metrics for computing performance provide project managers with accurate forecasts as useful tools for successful project management and control.
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Acknowledgments
This study is part of a review of construction best practices in Italy by the Engineering Systems Research Group of Politecnico di Torino. For this case, the writers acknowledge the owner, Fiat Partecipazioni S.p.A., for permission of publication and the construction manager IdEst S.r.l. for support.
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Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 135 • Issue 9 • September 2009
Pages: 853 - 862
Copyright
© 2009 ASCE.
History
Received: Jul 1, 2008
Accepted: Feb 17, 2009
Published online: Apr 30, 2009
Published in print: Sep 2009
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