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Published Paper Details:
Scheduling And Delay Analysis Of Construction Project With Implementation Of Earned Value Management By Microsoft Project Management
Authors
Milind Maruti Kamble,Ganesh N. Chavan-Patil
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Keywords
Project Progress, EVM, Schedule overruns, Cost Overruns, Schedule Variance, Cost Variance.
Abstract
Earned Value Management (EVM) is a sophisticated project management approach that gives a complete picture of how a project is doing by looking at three main areas: scope, schedule, and cost together. Unlike older ways of tracking projects that deal with budget or time separately, EVM brings these together into one system. It measures how much work has actually been done compared to what was planned, helping managers see if a project is on track or if there are problems that need fixing. At the heart of EVM are three main values: Planned Value (PV), which is the budget for the work that was supposed to be done; Earned Value (EV), which shows the value of the work that has actually been completed; and Actual Cost (AC), which is the real money spent on the work done. By comparing these, EVM creates metrics like the Cost Performance Index (CPI) and Schedule Performance Index (SPI). These help to show if a project is staying within budget and on schedule, and they give useful information about whether action is needed to keep things on track. However, to make EVM work well, you need careful planning, accurate data, and a clear understanding of what the project is supposed to achieve. If you set up the baseline wrong, or if data isn't recorded properly, or if people resist using this method, it can lead to problems. So, training and good processes are important for making the most out of EVM. EVM is used in many different fields, like construction, defence, aerospace, IT, and manufacturing, where projects are complex and need tight control over costs and timelines. The ability of EVM to integrate different parts of project performance makes it especially useful in situations where changes to the project scope and budget constraints are common. This paper looks into the basics of EVM, showing how it turns raw data into useful performance measures. It also talks about the challenges people face when using EVM and suggests ways to overcome them. Through examples and industry cases, the paper shows how EVM helps make projects more successful by improving delivery, reducing risks, and helping with better decision-making.
IJCRT's Publication Details
Unique Identification Number - IJCRT2509326
Paper ID - 293783
Author type - Indian Author
Page Number(s) - c833-c849
Pubished in - Volume 13 | Issue 9 | September 2025
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No Of Downloads - 23
Author Country - India, 416 702, Rajapur, Rajapur, 416 702, Science and Technology
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
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Milind Maruti Kamble,Ganesh N. Chavan-Patil, "Scheduling And Delay Analysis Of Construction Project With Implementation Of Earned Value Management By Microsoft Project Management", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.13, Issue 9, pp.c833-c849, September 2025, Available at :http://www.ijcrt.org/papers/IJCRT2509326.pdf
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