• Journal of Information Technology Services
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• v.7 no.3
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• pp.129-144
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• 2008

The uncertainty of software projects makes a big gap between the initial schedule/expense and the final one. Moreover, it is difficult for a project manager to reschedule and re-budget for reflecting the effects of changes in the software development. In this paper, we suggest EVM (Earned Value Management) to control the schedule and the expenses of an on-going software development project. In order to apply EVM to a software project, we consider turnkey contracts and propose the way to calculate the earned value for the software development. Finally, we illustrate our method with the case of N-company. We expect our EVM help to analyze and to predict the final schedule and the expense of a software development project.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2015.05a
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• pp.240-241
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• 2015

As buildings and especially eco-friendly facilities are increasing, maintenance of the aged buildings are interested by many maintenance companies. Therefore, a lot of companies are increasing by the maintenance form. These Earned Value should try to minimize the increasing forms. Therefore, this study has an effort to gather data related to earned value of building facility maintenance and analyze the data in terms of local dimension, used duration dimension, building types dimension and so on in order to prevent the building deterioration.

• 한국IT서비스학회:학술대회논문집
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• 2008.05a
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• pp.260-265
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• 2008

소프트웨어 개발 프로젝트 초기단계에 수립한 일정 및 비용 등의 계획은 수행 중 발생하는 많은 불확실성을 반영하고 있지 않기 때문에 진행되고 있는 프로젝트는 초기에 계획한 일정과 비용에 많은 차이를 보이는 경우가 발생한다. 이에 따라 본 연구에서는 진행 중인 소프트웨어 개발 프로젝트의 상황을 분석하고 예측할 수 있는 방법으로 일정과 비용을 통합 관리할 수 있는 획득가치관리(EVM: Earned Value Management)를 활용하는 방안을 제시하였다. 획득가치관리(EVM)을 적용하기 위해 일정과 비용의 통합관리하기 위해 예상되는 투입 인력과 비용 등을 감안하여 작업분할 구조(WBS)와 연계하여 계획을 수립하고 측정하는 방법을 구축 중인 프로젝트의 사례를 통하여 적용 방안을 제시하였다. 사례 분석한 각각의 프로젝트 진행 단계에 따라 예측한 값이 실제 계획 대비 일정과 비용에 대한 예측 오차 변화 추이를 분석하였으며, 향후 진행되는 프로젝트의 일정 및 비용 등의 계획을 체계적으로 수립하고, 진행되는 프로젝트의 일정 및 비용 등에 대해 분석하고 예측하는데 활용할 수 있도록 연구하였다.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.174-178
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• 2015

This paper presents a new method for forecasting construction project cost and time at completion or at any intermediate time horizon of the project duration. The method is designed to overcome identified limitations of current applications of earned value method in forecasting project cost and time. The proposed method usesfuzzy set theory to model uncertainties associated with project performance and it integrates the earned value technique and the contractors' judgement. The fuzzy set theory is applied as an alternative approach to deterministic and probabilistic methods. Using fuzzy set theory allows contractors to: (1) perform risk analysis for different scenarios of project performance indices, and (2) perform different scenarios expressing vagueness and imprecision of forecasted project cost and time using a set of measures and indices. Unlike the current applications of Earned Value Method(EVM), The proposed method has a numberof interesting features: (1) integrating contractors' judgement in forecasting project performance; (2) enabling contractors to evaluate the risk associated with cost overrun in much simpler method comparing with that of simulation, and (3) accounting for uncertainties involved in the forecasting project cost.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.307-310
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• 2003

Construction projects include risks due to uncertain factors, so it's important to repeatedly evaluate the performance of on-going work in all aspects of the projects. But construction projects are usually managed focusing on the results of projects. Moreover, cost and schedule are managed separately even though the efficiency of integrated management is very high. Recently many researches about cost and schedule integration methods are in progress according to the increasing of interest and EVMS (Earned Value Management System). Though researchers comment and propose many methods, it's hard to find example to apply it to the real project. So, the purpose of this study is to improve a method of construction Progress measurement Based on Earned value Concept by integration of cost and schedule management. It investigates the previous studies, interviews and performs a case study.

• Construction Engineering and Management
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• v.1 no.2 s.2
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• pp.3-7
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• 2000

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.405-410
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• 2002

Earned Value Management System(EVMS) has been institutionalized as an advanced management technique of construction project lately. And its research has been in the active progress in order to utilize the earned value concept as a project management tool for construction project ordered by both government and private sector. However it is necessary to test and prove the EVMS's adaptability to our construction environment by EVMS's several of operations before its introduction. Project forecasting phase of EVMS is the Estimate at Completion by utilizing earned value data. So, the purpose of this study is to propose EAC evaluation method for evaluation the accuracy of the EAC and encouraging cost realism, and to test for proving the validity of the evaluation methods through hypothesis testing.

• Korean Journal of Construction Engineering and Management
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• v.10 no.1
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• pp.26-35
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• 2009

Work breakdown structure (WBS) can be used as an information center in earned value management system (EVMS) for the construction project. Because EVMS results, such as schedule variance and cost variance, are analyzed for the selected WBS code, the role of WBS code is important in EVMS. This study suggests a methodology for organizing WBS map with a quadrant. It can represent the project organization collectively by work level in a coordinate system. And the study developed an EVMS tool based on the WBS map and this tool can visualize various attribute indexes of EVMS by color symbols. Those methodologies can be used for improving practical application of EVMS.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.410-415
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• 2001

Earned Value Management System(EVMS) has been considered as a useful tool of managing construction projects lately and its instruction into a private industry is now under consideration by the Korean government. It is on the basis of C/SCSC that had been released by the U.S. Department of Defense(DOD) since 1967. Its research has been in the active progress in order to utilize the earned value concept as a project management tool for construction project ordered by both government and private sector. Material Requirement Planning(MRP) is also known as a tool of planning and scheduling resources for assembly product as a part of inventory control models in the manufacturing industry. The purpose of this study is the effective employment of Earned Value Management to manage the construction projects by utilizing Material Requirement Planning(MRP), based on project management software and Workpackaging model.

• Journal of Construction Engineering and Project Management
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• v.3 no.1
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• pp.10-13
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• 2013

Determining on a particular construction method is typically decided in the initial phases of a project. However, changing conditions during actual construction may require a different method or technology to be employed. Providing an option for project managers to change construction provides flexibility that can increase value to the overall project. This research provides the ability to modify construction methods as a real option, which allows its value to be modeled. The research also formalizes a way to integrate a binomial lattice model with the Earned Value Method's S-curve. The integrated model provides a decision support tool that planners can use to determine whether to exercise the option depending on the status metrics provided by EVM.