a project is any endeavor involving planned action, for example, developing a new product or constructing a dam. [ce1] major factors for a project to be successful are applying performance measurement and feedback tool. one such well-known performance measurement tool to control the project execution is earned value management (evm). evm uses the fundamental principle that trends in the past ca...

Project managers are grappling with a variety of risks today as a result of increasing complexity and dynamics of projects in different stages of project life cycle. Thus, it seems quite necessary to employ an efficient risk management process that can overcome the shortcomings of traditional methods in order to handle such complexities and reach the optimal project management. This matter is e...

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,...