Project Monitoring and Early Warning of Time-Cost
Overruns in Earned Value Management

Mohammad Azim Eirgash; Yusuf Baltaci

Research Article

Project Monitoring and Early Warning of Time-Cost Overruns in Earned Value Management

Mohammad Azim Eirgash* and Yusuf Baltaci

Karadeniz Technical University, Trabzon, Turkey

Corresponding Author

Received Date: August 10, 2021; Published Date: August 27, 2021

Abstract

Project monitoring and control processes are crucial aspects of project management. To perform an appropriate project tracking, Earned Value Analysis (EVA) has to be implemented to help the project managers to measure project performances. A tool to monitor and control the cost, time and work done of a construction project. Furthermore, it also provides an “Early Warning” signal for immediate corrective action. Thereby, in this study, some work items related to a completed real life construction project were evaluated according to the method of Earned Value and the result implies that the analysis can be very useful in project forecasting and decision making relevant to early warnings.

Keywords: Project management; Earned value analysis; Performance indices; Scheduling; Variances

Article Details

Citation

Mohammad Azim Eirgash, Yusuf Baltaci. Project Monitoring and Early Warning of Time-Cost Overruns in Earned Value Management. Cur Trends Civil & Struct Eng. 7(5): 2021. CTCSE.MS.ID.000673.