• Title/Summary/Keyword: EVMS

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EVMS Application Process based on Project Management Processes (Project Management Process를 바탕으로 한 EVMS 실무적용 프로세스)

  • Baek Sung-Min;Ahn Byung-Ju;Kim Jae-Jun;Kong Gun-Young
    • Korean Journal of Construction Engineering and Management
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    • v.3 no.2 s.10
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    • pp.59-66
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    • 2002
  • EVMS(Earned Value Management System) came to the proper method for integrated cost-schedule control and Government announced EVMS application plan. After that, many studies related adaptability, activation, model, and process reflecting the characteristics of the domestic construction industry are proceeded in construction sites and schools. This thesis is a study of EVMS process. The purpose of this paper is to analyze the problems of previous researches for EVMS Process and to suggest the EVMS application Process based on Project Management Processes of PMBOK. In this kind of view, this thesis suggests the new direction to study EVMS process. And furthermore, this process is suggested for showing a framework of EVMS in Korean construction project are identified.

Process Model for development of EVMS in Nuclear Power Plant Project (원전건설 성과관리시스템(EVMS) 개발을 위한 프로세스 모델 연구)

  • Kim, Yun-Myung;Won, Seo-Kyung;Shin, Il-Sub
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2014.05a
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    • pp.58-59
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    • 2014
  • EVM(Earned Value Management) is a management methodology for integrating scope, schedule and resources, and for objectively measuring project performance and progress. EVMS(Earned Value Management System) has been used for the performance measurement of R&D and construction projects in developed countries such as United States, United Kingdom and Australia. The nuclear power plant (NPP) projects in Korea have not applied EVMS. However, EVMS has come into request for overall schedule and cost risk management and performance measurement in overseas project of the nuclear power plant as a contractor. In this paper, based on the global EVMS guidelines, EVMS per unit processes have been developed for NPP projects. Moreover, using Business Process Management (BPM), it proposes an integrated process model with tasks, roles, and procedures for EVMS for NPP construction projects.

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Analysis of EVMS Implementation to Korean Defence R&D Project (국방무기체계 연구개발사업의 EVMS 적용실태 분석)

  • Min, Won-Bea;Kang, Seok-Joong;Song, Woon-Ho
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.14 no.1
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    • pp.242-250
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    • 2010
  • EVMS(Earned Value Management System) is a project management method for analysis of current state of project and estimation of future state by the periodic tracking of schedule and value that activated by the project manager of government and contractor. Some countries, such as U.S.A and Austria, require the use of an EVMS for all major defense R&D project and many cases have proved that EVMS ensures that cost, schedule, and technical aspects of the contract are truly integrated and estimated, and actual progress of the project can be identified. However, the recent implementation of EVMS on Korean defense R&D project has shown number of challenges. In this paper, we defind the cancept of EVMS and analyzed EVMS implementation m order to conduct their problem.

Performance Index Analysis of Schedule Introducing EVMS (EVMS를 도입한 공정의 성과지수 분석)

  • Kim Young;Lee Young-Dae;Kim Sung-Hwan;Kim Jung-ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.456-459
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    • 2002
  • It is lately issued studies on EVMS(Earned Value Management System) throughout construction industry, which is management system integrating cost and schedule effectively. So identifying importance and circumstance of introducing EVMS, CPI(Cost Performance Index) and SPI(Schedule Performance Index), which are critical components on schedule introducing EVMS, calculate and it intends to analyze the trend and problem of cost and time throughout project management, applying various statistical data analysis method.

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A Study on the Efficiency of Earned Value Management System for Practical Application (공정${\cdot}$공사비 통합관리시스템의 실무적용 효율화 방안)

  • Lee Woo-Sik;Kang Leen-Seok
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.500-503
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    • 2003
  • Considering that our construction market is recognizing the necessity of EVMS(Earned Value Management System) and that the EVMS will be applied to the construction projects with large scale. the suggested methodologies to link WBS(Work Breakdown Structure) with EVMS results and the developed web-based EVMS can be a tentative system for practical application.

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A Study of the Best Performance Index for Estimate at Completion Forecasting Model on the Earned Value Management System(EVMS) (EVMS 최종공사비 예측 모델 최적성과지수에 대한 고찰)

  • Kim Seon-Gyoo;Kim Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.1 no.3 s.3
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    • pp.101-107
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    • 2000
  • On 1 July, 2000, the Ministry of Construction and Transportation announced the Earned Value Management System(EVMS) will be applied in public sector soon. However the arguments over the EVMS applied to our unique construction environment still exist and create strong concerns and worries among some experts it would be another mistakes proposed by the government. We do know the EVMS comes from C/SCSC which was first released by the United States Department of Defense in December 1967, and proved very powerful and efficient project management tool from a lot of practices. Although it is an excellent tool, we can not ignore our many experienced failures appling foreign system due to the differences of construction culture and law between the Korean and US construction industries. The purpose of the EVMS's success in Korea, therefore, this paper tests and proves the EVMS's adaptability and credibility to our construction environment by EAC model, that is one of the most important functions in the EVMS, using very scare EV data of the Korean construction projects.

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Development of Earned Value Management System by Using Visualization Index and WBS Map (시각화 지표 및 좌표식 정보분류체계에 의한 공정.공사비 통합관리시스템 개발)

  • Lee, Woo-Sik;Kang, Leen-Seok;Park, Seo-Young
    • Korean Journal of Construction Engineering and Management
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    • v.10 no.1
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    • pp.26-35
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    • 2009
  • Work breakdown structure (WBS) can be used as an information center in earned value management system (EVMS) for the construction project. Because EVMS results, such as schedule variance and cost variance, are analyzed for the selected WBS code, the role of WBS code is important in EVMS. This study suggests a methodology for organizing WBS map with a quadrant. It can represent the project organization collectively by work level in a coordinate system. And the study developed an EVMS tool based on the WBS map and this tool can visualize various attribute indexes of EVMS by color symbols. Those methodologies can be used for improving practical application of EVMS.

An Exploratory Study of EVMS Environment Factors and their Impact on Cost Performance for Construction and Environmental Projects

  • Aramali, Vartenie;Sanboskani, Hala;G. Edward Jr., Gibson;Asmar, Mounir El
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.170-178
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    • 2022
  • A high-performing Earned Value Management System (EVMS) can influence project success and help stakeholders meet project objectives. Although EVMS processes are well-supported by technical guidelines and standards, project managers often face challenges related to the project culture, team, resources, and business practices that make up the project environment within which an EVMS is being used. A comprehensive literature review revealed a lack of a data-driven and consistent assessment frameworks that can gauge the environment surrounding EVMS implementation. This paper will discuss the EVMS environment of construction and environmental projects, and examine its impact on cost performance. The authors used a multi-method approach to identify 27 environment factors that make up the EVMS environment, assessing them on 18 construction and environmental projects worth over $2 billion of total cost. Research methods employed include: (1) a literature review of more than 300 references; (2) a survey of 294 respondents; and (3) remote research charrettes with more than 60 participating expert practitioners. Culture (one of the identified environment categories) was found to be relatively more important in terms of its impact on the EVMS environment, followed by people, practices, and resources. These exploratory results show statistically significant differences in cost performance between completed projects with either a good or poor environment, for the sample projects. Key environment factors are outlined, and guidance is provided to practitioners around how to set up an effective EVMS environment in a construction or environmental project to inform decision-making and support achieving the project cost objectives successfully.

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A Study on the EVMS for successful application to KHP program (한국형 헬기 시제품 개발을 위한 EVMS 적용방안에 관한 연구)

  • We, Oh-Gie;Chung, Ho-Su
    • Journal of the military operations research society of Korea
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    • v.32 no.1
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    • pp.73-89
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    • 2006
  • In this paper, EVMS procedure for KHP program is presented. Research and development of a defense system as a long lead program has a high probability of cost growth due to the uncertainty and risk. Therefore, meeting schedule, technical performance and preventing excessive cost overrun are the main concerning point to successful research and development program. EVMS(Earned Value Management System) is a program management system using earned value to control cost, schedule and technical performance. In order to control cost and schedule and to meet technical performance requirements of the KHP research and development program, it is necessary for us to adapt EVMS to the program.

Practical Issues of Earned Value Management Systems (EVMS) for Nuclear Power Plant (NPP) Construction

  • Jung, Youngsoo;Kim, Sungrae;Moon, Byeong-Suk
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.696-697
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    • 2015
  • Cost, schedule, and quality are the three major performance indicators for any construction project. Under the globalized competition in the nuclear industry, researchers and practitioners have also explored a systemized and integrated management system for cost, schedule, and quality. In order to address this issue, the concept of earned value management system (EVMS) has been often utilized. However, implementing EVMS for a mega-project of nuclear power plant (NPP) construction requires extensive overhead efforts. Though previous studies proposed structures and methods for effective NPP EVMS, there has been no legitimate study for data collection strategy for practical implementation. In this context, the purpose of this paper is to develop an effective data collection strategy for NPP EVMS. Firstly, the barriers to practical NPP EVMS were identified based on literature review and expert interviews. Strategies for data collection were then developed based on different phases of project life cycle. This study focuses on the 'life-cycle integrated progress management system' for NPP construction from an owner's perspective Therefore, results of this study can be used as a guide for preparing request for proposals (RFP) of an NPP owner organization.

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