Application of Earned Value Method in Project Cost Management and Schedule Management
Download PDF

Keywords

Earned value method
Engineering project
Cost management

DOI

10.26689/pbes.v4i4.2400

Submitted : 2021-07-28
Accepted : 2021-08-12
Published : 2021-08-27

Abstract

At present, with the rapid development of China’s economy, the development of the construction industry has made a new breakthrough. Project management requires the construction industry to continuously play its role and value in improving the ability of project management. Earned value method, which is an important way in the field of project management, enables whole project management to rise to a new height. The specific principle of earned value method will be elaborated by fully introducing the specific role of earned value method in engineering projects to provide a reference and basis for practitioners to improve their management ability.

References

Du X, Xu Z, Sheng W, 2009, Improved Ammoniacal-Nitrogen Removal in Non-Planted Vertical Flow-Constructed Wetland System by Natural Oxygen Transfer. Fresenius Environmental Bulletin, (10): 1846-50.

Tubig SB, Abetti PA, 1990, Variables Influencing the Performance of Defense R&D Contractors. IEEE Transactions on Engineering Management, (1): 22-30.

Wang WC, Liu JJ, Chou SC, 2006, Simulation-Based Safety Evaluation Model Integrated with Network Schedule. Automation in Construction, (3): 341-54.

Hao L, Bing D, Huang GQ, et al., 2013, Hybrid Flow Shop Scheduling Considering Machine Electricity Consumption Cost. International Journal of Production Economics, (2): 423-39.

Kujawski E, Alvaro ML, Edwards WR, 2010, Incorporating Psychological Influences in Probabilistic Cost Analysis. Systems Engineering, (3): 195-216.

Liang JS, 2010, An Approach for Generating a Tasks Schedule Model in Web-Based Virtual Manufacturing System of Screw Threads. International Journal of Advanced Manufacturing Technology, (5-8): 737-55.

Lilly MT, Ihekwoaba SC, Ogaji S, et al., 2007, Prolonging the Lives of Buried Crude-Oil and Natural-Gas Pipelines by Cathodic Protection. Applied Energy, (9): 958-70.