• Journal of Construction Engineering and Project Management
• /
• 제2권4호
• /
• pp.42-45
• /
• 2012

In construction industry, the term 'procurement' is considered as a project based job where clients and contractors are always keen to observe performance indicators. These indicators represent financial and non-financial efficiency of project activities. Among these, the monitoring of financial indicators such as cost monitoring is an ongoing process and its importance cannot be undermined during the project life cycle. It can be monitored by using traditional approach of direct reporting of actual cost against budget. However, the comparison of budget versus actual spending does not indicate the worth of the work which is completed at any given time. This approach does not represent the true cost performance of the project. Because of these limitations, this paper discusses the applications of Earned Value Analysis (EVA) for cost monitoring of construction projects in Malaysia. Besides traditional approach, EVA is a three-dimensional approach that compares three cost indicators i.e. the budgeted value of work scheduled with the earned value of physical work completed and the actual cost of work completed. Therefore, cost monitoring by EVA is an objective measure of actual work performed. This paper uses a case study, an example application of EVA as a cost monitoring tool. This case study reaffirms the benefits of using EVA for project cash flow analysis and forecasting.

• 한국군사과학기술학회지
• /
• 제21권3호
• /
• pp.396-402
• /
• 2018

Earned Value Management(EVM) has been used to manage and forecast defense project schedule and cost over the last two decades in the world. However to support the lacking ability of schedule analysis in traditional EVM, earned schedule(ES) has been introduced as a tool to more accurately estimate schedule performance. This paper compares which method EVM or ES, provides more accurate schedule predictors in 32 Korean defense research and development projects. As a result of comparison, the ES method can predict the future schedule more reliably than the EVM method. We also analyze early warning function of schedule performance index considering project duration extension point. Through the analysis results, we confirm that both the EVM and the ES method lack the ability of the early warning in terms of the current schedule management criterion.

• 한국건축시공학회:학술대회논문집
• /
• 한국건축시공학회 2015년도 춘계 학술논문 발표대회
• /
• pp.240-241
• /
• 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.

• 국제학술발표논문집
• /
• The 6th International Conference on Construction Engineering and Project Management
• /
• pp.174-178
• /
• 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.

• 한국정보통신학회논문지
• /
• 제14권1호
• /
• pp.242-250
• /
• 2010

EVMS(Earned Value Management System)는 사업을 관리하는 정부나 사업을 수행하는 업체의 관리자들이 비용과 일정을 주기적으로 추적함으로써 현재의 사업진행 상태를 파악하고 미래를 예측할 수 있는 관리기법이다. 이 관리기법은 미국, 호주 등에서 국방연구개발 사업에 의무적으로 적용해오고 있으며, 그 효율성이 이미 입증된 기법이다. 그러나 외국에서 수행하고 있는 EVMS를 그대로 우리나라에 도입하는 것은 환경적 차이로 인해 많은 문제점을 가지고 있기 때문에 우리나라에 환경에 적합한 EVMS 적용을 위해 연구를 꾸준히 수행하고 있다. 본 논문에서는 먼저 EVMS에 대한 개념을 먼저 고찰 해보고, 저자가 직접 관리하고 있는 차기경구난차량 연구개발사업에 적용한 EVMS 적용실태 분석을 통해 문제점을 도출하고자 한다.

• 한국건설관리학회:학술대회논문집
• /
• 한국건설관리학회 2002년도 학술대회지
• /
• pp.456-459
• /
• 2002

오늘날 건설공사의 효율화를 위한 EVMS(Earned Value Management System)도입의 중요성을 인식하고 많은 연구가 발표되고 있다. 그러나 EVMS를 도입한 공정에 대한 경험부족과 국내 건설의 제도적${\cdot}$환경적 요인으로 인해서, 기술적인 분석이나 사례분석에 대한 관한 연구는 아직 미흡한 실정이다. 본 연구에서는 EVMS를 도입한 공정상에 성과지수(SPI : Schedule Performance Index, CPI : Cost Performance Index)를 산정하여, 여러 통계적 분석방법을 적용해서 프로젝트 관리상에 일정, 비용상의 추세(Trend) 및 문제의 원인을 분석${\cdot}$연구하고자 한다.

• 시스템엔지니어링학술지
• /
• 제8권1호
• /
• pp.51-62
• /
• 2012

The System Engineering(SE) and the Earned Value Management System(EVMS), as parts of the scientific project management methodology, have been applied to Surion Helicopter R&D Program. The concept and application process of SE methodology, requirements management and applications output by DOORS program are described in this study. The concept and application process of EVMS, analysis results of schedule/cost variance for Surion RF equipment are also discussed in this study. Though the Surion R&D program is still on-going, it is found that the measures of effectiveness of SE and EVMS applications are verified.

• 산업공학
• /
• 제24권2호
• /
• pp.119-127
• /
• 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.

• 국제학술발표논문집
• /
• The 3th International Conference on Construction Engineering and Project Management
• /
• pp.1548-1552
• /
• 2009

In the construction industry, IT has been an alternative for the enhancement of productivity and technical advances through a paradigm shift. While it has been recognized that the IT system will have a substantial influence on the industry, a quantitative valuation has been very limited. This paper has chosen EVMS (Earned Value Management System), which supports the integrated management of cost and schedule by utilizing IT tools, and which is the largest trend in the construction IT industry in Korea, in order to suggest an analysis model for the valuation of IT. The CVM (Contingent Valuation Method) is used to quantitatively measure intangible value of IT application. Then, a valuation and analysis model were suggested for the quantitative valuation of the effect of IT adoption. In terms of willingness to pay for EVMS, the expected benefits from the adoption of EVMS were US$ 584.52 per man annually. This research should be helpful for construction companies evaluating their investment to Project Management Information System.

• 한국건설관리학회:학술대회논문집
• /
• 한국건설관리학회 2006년도 정기학술발표대회 논문집
• /
• pp.274-277
• /
• 2006

건설 사업은 다양한 불확실성 및 리스크 요인으로 인하여 사업 수행 과정이 초기 계획대로 수행되고 있는지에 대한 반복적인 성과측정 및 후속 관리 조치가 필요하다. 이러한 성과 측정의 가장 대표적인 기준이 공정, 공사비, 품질이며 특히, 공정과 공사비의 경우 정량적인 평가가 가능하고 통합관리를 통해 효율성을 높일 수 있는 주요 관리 대상이 된다. 이를 위해 EVM(Earned Value Management)기법을 운영하도록 제도화 하였으며 EVM을 활용함으로써 사업 진도율 $15{\sim}30%$ 시점에서 사업의 EAC(Estimate at Completion)와 공정결과를 예측할 수 있다. 본 연구에서는 기존 EAC 추정의 문제점을 제시하고 회귀분석을 이용하여 적정 EAC 변동 범위를 예측한다. 따라서 공동주택 건설사업에서의 공사 수행 중 공정과 공사비의 문제점을 사전에 파악하여 변동 범위의 결과 값을 통해 의사결정자들이 효율적인 의사결정을 할 수 있도록 정보를 제공한 수 있을 것으로 판단된다.