Monitoring of Time and Cost Variances of Schedule Using Simple Earned Value Method Indicators
| Autor: | Adam Rak, Daniel Przywara |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Cost estimate
Operations research Computer science cost variances 0211 other engineering and technologies Distribution (economics) 02 engineering and technology lcsh:Technology Budgeted cost of work performed Earned value management lcsh:Chemistry 021105 building & construction 0502 economics and business Production (economics) General Materials Science Duration (project management) lcsh:QH301-705.5 Instrumentation Subdivision Fluid Flow and Transfer Processes lcsh:T business.industry civil_engineering Process Chemistry and Technology 05 social sciences General Engineering earned value method—EVM Schedule (project management) time variances lcsh:QC1-999 Computer Science Applications lcsh:Biology (General) lcsh:QD1-999 lcsh:TA1-2040 schedule lcsh:Engineering (General). Civil engineering (General) business lcsh:Physics 050203 business & management |
| Zdroj: | Applied Sciences Volume 11 Issue 4 Applied Sciences, Vol 11, Iss 1357, p 1357 (2021) |
| ISSN: | 2076-3417 |
| DOI: | 10.3390/app11041357 |
| Popis: | The Planning and implementation of construction projects are difficult processes and are burdened with many risk elements. The budget spread over time, which is developed on the basis of the schedule, presents the expected distribution of costs throughout the duration of the works, which during the implementation of the project is subject to constant changes resulting from time, cost, and organizational factors. Managing construction contracts requires managers to be able to analyze on an ongoing basis the variances of production costs-from the values calculated in the offer cost estimate and assumed in the Budgeted Cost of Work Scheduled. The article attempts to analyze the emerging time and cost deviations using proprietary time variances from the schedule (T/S) and variances from planned costs (T/C) monitoring, based on simple indicators of the earned value method (EVM). An example of construction of a multi-family housing development was used to study the variances of planned and incurred costs. |
| Databáze: | OpenAIRE |
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