• Title/Summary/Keyword: EVM(Earned Value Management)

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EVMS Application Process based on Project Management Processes (Project Management Process를 바탕으로 한 EVMS 실무적용 프로세스)

  • Baek Sung-Min;Ahn Byung-Ju;Kim Jae-Jun;Kong Gun-Young
    • Korean Journal of Construction Engineering and Management
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    • v.3 no.2 s.10
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    • pp.59-66
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    • 2002
  • EVMS(Earned Value Management System) came to the proper method for integrated cost-schedule control and Government announced EVMS application plan. After that, many studies related adaptability, activation, model, and process reflecting the characteristics of the domestic construction industry are proceeded in construction sites and schools. This thesis is a study of EVMS process. The purpose of this paper is to analyze the problems of previous researches for EVMS Process and to suggest the EVMS application Process based on Project Management Processes of PMBOK. In this kind of view, this thesis suggests the new direction to study EVMS process. And furthermore, this process is suggested for showing a framework of EVMS in Korean construction project are identified.

The Study on the System to Estimate the Cost by Using Regression in the Early Stage of the Project (공사 초기단계에서의 회귀분석을 이용한 최종공사비(EAC) 추정 방법)

  • Lee, Youn-Mi;Lee, Man-Hee;Lee, Hak-Ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.274-277
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    • 2006
  • The EAC(Estimate at Completion) among existing methods, which estimate cost and time effectively, help managers anticipate changeable several results at the point of $15{\sim}30%$ in the project progress. However, this method may cause such some problems as not to consider the periodically changing circumstances caused by construction risks or uncertainties which can affect the cost and time in the project, and to regard collected and accumulated data only as a single value when predicting the results on the progress. Accordingly, it is very difficult to accept the even small range of variability based on the anticipation of EAC. Consequently, the study focuses on the possibility methodology to anticipate time and cost accurately on the way to utilize EVMS(Earned Value Management System), and also suggest the way to perform the right estimation of EAC as considering various risks and uncertainties in construction projects.

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Developing a Bayesian Network Model for Real-time Project Risk Management (실시간 프로젝트 위험관리를 위한 베이지안 네트워크 모형의 개발)

  • Kim, Jee-Young;Ahn, Sun-Eung
    • IE interfaces
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    • v.24 no.2
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    • pp.119-127
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    • 2011
  • Most companies have been increasing temporary work projects to maximize the usage of their resources. They also have been developing the effective techniques for analyzing and managing the state of the projects. In order to monitor the state of a project in real-time and predict the project's future state more accurately, this paper suggests the Bayesian Network (BN) as a tool for discovering the causes of project risk and presenting the failure probability of the project. The proposed BN modeling method with consideration of the Earned Value Management (EVM) method shows how to induce the predictive and conditional probability of the risk occurrence in the future. The advantages of the suggested model are (1) that the cause of a project risk can be easily figured out via the BN, (2) that the future value of the project can be sufficiently increased by updating relevant components of the project, and (3) that more credible prediction can be made in the similar and future situation by using the data obtained in current analysis. A numerical example is also given.

A Systems Engineering Case Study to Improve Defence R&D Program Effectiveness (국방 R&D사업 시스템엔지니어링 적용사례 및 발전방안 연구 - 저고도레이더 업체주관 연구개발사업 사례 중심으로 -)

  • Park, Kyeong-Il;Pyun, Wan-Joo;Park, Young-Won
    • Journal of the Korean Society of Systems Engineering
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    • v.4 no.2
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    • pp.35-43
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    • 2008
  • Application of system engineering should be realized on necessary condition being to propel National Defense R&D Program. But, these necessity is yet not realized easily to many project managers of Defense Acquisition Program Administration(DAPA). As one person of DAPA project manager, system engineering hard to approaches easily by the word itself. There are a lot of difficult sections where should apply how. This paper established DAPA Project Manager and Acquisition Point of Contact of demand Military by main customer (reader), and wished to make understood more easily and approach system engineering application to these. Also, this paper studied project management example that scientific project management techniques of Earned Value Management(EVM) and Cost As an Independent Variable(CAIV) etc. is taken abuzz in DAPA inside by Project management technique that become reform, arc Integrated in system engineering.

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A Method of Progress Management of Projects Based on Schedule for Small and Medium Enterprises (중소기업을 위한 일정 기반의 프로젝트 진도 관리 방안)

  • Oh, Joseph;Kim, Bo-Hyun;Baek, Jae-Yong;Jung, So-Young;Choi, Young-Jae
    • IE interfaces
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    • v.25 no.2
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    • pp.276-282
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    • 2012
  • Earned value management(EVM) based progress management was designed to systematically manage large or huge projects with budget based criteria. For this reason, existed methods of EVM based progress management have a practical difficulty to apply to small and medium enterprises(SMEs) not possessing enough human resource, time, and cost. In other words, SMEs have performed simultaneously many small-sized projects emphasizing more project delivery than project budget. This study focuses on the area of project management applying to many small-sized projects simultaneously conducted by SMEs. Thus, the method proposed in this study is to manage only the progress of projects after removing cost factor in order to reduce man powers required for allocating the budget of projects to their all activities in detail in the stage of project planning. This study reveals that SMEs are able to manage progress of many projects easily and intuitively using the proposed method.

Earned Value Management Systems Using 4D-CAD (4D CAD 활용을 통한 공정-원가 통합 시스템)

  • Park Ji-Ho;Jung Young-Soo;Kim Sung-Mo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.504-508
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    • 2003
  • Cost and schedule are the major concerns for the successful construction project management. The four dimensional CAD (4D CAD) integrating graphical data and scheduling data has also been an area of research interests for improving construction controls. In order to achieve the benefits from these areas in an integrated way, this study proposes a 4D-EVMS system for the owners. Managerial requirements for cost and schedule control for the owners are identified first. A 4D-EVMS model is then proposed which provides functional flexibility in order to enhance the efficiency of the system. Lessons learned and practical implications are briefly summarize.

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A Successful Example of the PMIS to Dongnam Distribution Complex Project using TPMS(Total Project Management System) of the GS E&C (GS건설 TPMS를 통한 동남권유통단지 이주전문상가 현장 PMIS 성공사례)

  • Lee, Heung-Won;Park, Chan-Jeong
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.129-134
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    • 2007
  • In 1996, GS E&C became the first in the industry to adopt a Project Management System using EVM(Earned Value Management) to link schedule with profit/loss. In 2006, the TPMS(Total Project Management System) was completed by adding the concept of Lean Construction and JIT(Just In Time) to the Project Management System. This was done with the purpose of reducing waste and creating optimal work processes. This has been implemented on all sites and has enabled drastic increase of productivity. The portal provides customized information to the client, inspector and subcontractor personnel. Since various parties are receiving information that suits their requirements and is easy to use, usage has increased and since they are on the same platform, quick decisions and information sharing is possible. The purpose of the PMIS's success model in construction projects, this paper tests and proves the TPMS's efficiency and productivity to Dongnam Distribution Complex project.

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한국형발사체개발사업을 위한 EVMS 적용방안에 관한 연구

  • Seo, Gyeon-Su;Choe, Yeong-In;Lee, Hyo-Yeong;Hong, Il-Hui
    • The Bulletin of The Korean Astronomical Society
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    • v.37 no.2
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    • pp.152.1-152.1
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    • 2012
  • 한국형발사체개발사업은 대형복합시스템 사업이며, 장기간에 걸쳐 개발이 진행되는 사업이다. 따라서 사업적, 기술적 측면의 불확실성과 위험 등이 존재하며, 이를 적절히 관리 통제하지 못하면 비용 상승, 일정 지연 및 기술성능 요구조건 등의 불만족을 초래한다. 따라서 개발사업 초기단계에서부터 일정, 비용, 기술성능 및 위험관리 등을 위한 종합적 사업관리시스템 구축 및 운용은 개발사업 성공의 주요 관건이다. 현재 한국형개발사업단에서는 이러한 요구조건을 만족시키기 위한 일환으로써 일정 및 비용에 대한 효과적 관리시스템인 EVMS(Earned Value Management System)을 구축하여 운용 중에 있으며, 한국형개발사업에 맞는 최적화된 EVMS을 구축하기 위하여 시스템 커스터마이징 작업을 수행 중에 있다. EVMS의 구축과정에서 가장 고심했던 문제는 WBS 개발과 성과(Earned Value) 측정방법의 선정이었다. WBS의 경우, 개발초기단계에서부터 사업 전체를 포괄하는 완벽한 WBS을 개발하는 것은 상당히 어려운 문제이다. 그러나 사업초기에 존재하는 불확실성 및 위험에도 불구하고 개발을 계속 진행해야 하는 상황은 개발 현장에서 자주 접하게 되는 문제이다. 이러한 문제를 해결하기 위해서 적용하는 유용한 기법이 연동계획하기(Rolling Wave Planning)이다. 한국형개발사업을 위한 EVMS 구축과정에서도 이와 같은 문제에 봉착하게 되어 WBS 개발 시 연동계획하기(Rolling Wave Planning)기법을 적용할 예정이다. 성과(EV) 측정방법의 경우, 퍼센트완료기법과 마일스톤+퍼센트완료기법 등을 선정하여 적용 중에 있다. 현재 연구개발사업의 특성을 고려하여 우선 퍼센트완료기법을 적용하여 성과를 측정하였으나, 성과측정 결과의 주관성 문제로 인하여 마일스톤+퍼센트완료기법을 적용하여 성과(EV) 측정 결과의 객관성을 최대한 확보 할 예정이며, 최종적으로 한국형개발사업에 최적화된 성과측정 기법을 개발할 예정이다.

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A Study on the Development of Domestic-Oriented Prototype for EVMS Operation System by Using Work Task (작업관리 개념을 응용한 EVMS 운영 시스템 프로토타입 개발)

  • Park, Hong-Tae;Yang, Keum-Chul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.6
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    • pp.1281-1286
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    • 2009
  • Our government operates earned value management system (EVMS)of construction schedule and cost for improving earned management system of the construction projects. but There is two unification Method construction schedule and cost to estimate construction progress currently. This weight a staff work. therefore this study present unification method which operate integrate schedule and cost by using work task. In order to inflect verification and model of schedule and cost, this study develop prototype of EVMS.

Construction Cost-Schedule Integration Management Methodolgy by using Progress Integration Unit (성과측정유닛을 활용한 건설 비용 - 일정 통합관리 방안)

  • Kang, Namhee;Choi, Jaehyun
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.3
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    • pp.42-51
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    • 2017
  • Measuring and evaluating project progress and performance are the key element of the construction project success. Construction progress is typically measured quantitatively by evaluating cost and time allocated to the project deliverable, and thus properly integrating cost and time is essential to the project management. This research was performed to propose an alternative methodology to integrate the cost and time and provide a framework for the progress measurement. The researchers developed a typical work process for the cost and schedule planning and also developed an alternative cost-schedule integration method by using progress integration units (PIU). A discipline of a construction phase served as a common level for WBS and CBS integration, so the PIUs'were defined under discipline. A case study project was selected to validate the developed methodology. The result showed the proposed method improved efficiency of cost and time integration. The result also showed the excluding material for the progress measurement purpose significantly reduced the bias of progress measurement.