Earned Value Management System in Indonesian Construction Projects

The Cost Monitoring of Construction Projects Through Earned Value Analysis

In construction industry, the term ‘procurement’ is considered as a project based job where clients and contractors are always keen to observe performance indicators. These indicators represent financial and non-financial efficiency of project activities. Among these, the monitoring of financial indicators is an important function of project management. Therefore, during the construction phase,...

Earned - Value Management Terminology

To the Editor: Although I enjoyed the article titled “Value-Based Software Engineering: A Case Study” (Barry Boehm and Li Guo Huang, March 2003, pp. 33-41), as a newly minted Project Management Professional and a contributor to the Project Management Institute’s Earned Value Analysis team, I was disappointed with the authors’ use of nonstandard terminology. The authors renamed the traditional t...

A time-dependent earned value model for software projects

This paper proposes a formal method for including time dependence into Earned Value (EV) management. The model requires three parameters, which map directly to the fundamental “triple constraint” of scope, cost, and schedule: the reject rate of activities, the cost overrun parameter, and the time to repair the rejected activities. Time dependent expressions for the planned value, earned value, ...

IMPROVING QUALITY MANAGEMENT SYSTEM IMPLEMENTATION IN INDONESIAN CONSTRUCTION COMPANIES By

Development of Multiple Criteria Decision Support System (MCDSS) for Value Management Implementation in Construction Projects

The application of Value Management (VM) in construction, sometimes, becomes a complex decision process if various value alternatives identified during the creative and analytical phase, differ with respect to multiplicity of attributes considered such as functional performance, cost, reliability and safety. To deal with this specific situation, the paper presents some concepts of Multiple Crit...