Earned value‐based performance monitoring of facility construction projects

As amount of information in construction industry is growing, the role of information system in project management is becoming increasingly important. With the emerging IT application to the advancing construction industry, construction project management system with advanced technology has been progressed vigorously to improve construction productivity and management efficiency. Recently, a web-based Project Management Information System (PMIS) is developed to support decision-making process by efficiently managing project related information generated from various discipline. Many firms are in the process of developing the PMIS system or already have been applied the system to various projects. However, PMIS is still in its early stage of development to be applied at industrial plant construction projects. With the complexity of the industrial plant projects, the industry practitioners need to be able to visualize the construction schedule information to manage the project efficiently. This study suggests methodologies for improving PMIS specialized for industrial plant piping construction projects to estimate the baseline schedule and performance measurement more accurately by developing a framework for the piping construction projects. By using this developed system, the researchers expect that piping construction projects will be more efficiently managed on a real-time basis through measuring progress of piping at each and every state of progress milestone and provide management with opportunities to forecast the level of efforts required to execute the remaining work scope in a timely manner.

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Project Success Index for Capital Facility Construction Projects

Journal of Performance of Constructed Facilities ◽

10.1061/(asce)0887-3828(1999)13:1(39) ◽

1999 ◽

Vol 13 (1) ◽

pp. 39-45 ◽

Cited By ~ 23

Author(s):

Andrew F. Griffith ◽

G. Edward Gibson ◽

Michele R. Hamilton ◽

Aniello L. Tortora ◽

Charles T. Wilson

Keyword(s):

Construction Projects ◽

Project Success ◽

Facility Construction ◽

Success Index

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ANALISIS KETERLAMBATAN PROYEK SERTA DAMPAKNYA TERHADAP BIAYA DAN WAKTU PELAKSANAAN PROYEK

Jurnal Infrastruktur ◽

10.35814/infrastruktur.v5i1.614 ◽

2019 ◽

Vol 5 (1) ◽

pp. 13-19

Author(s):

Fitri Nur Kharina ◽

Kusno Adi Sambowo

Keyword(s):

Construction Projects ◽

Construction Project ◽

Project Performance ◽

Project Work ◽

Earned Value ◽

Time Period ◽

Review Period ◽

The Difference ◽

The Cost ◽

The Impact

Construction projects in all regions continues to be developed for the creation of facilities that can be utilized by the community. One of them is the construction of apartments which are now being intensively carried out to meet residential needs for the community. Making a construction project plan always refers to estimates that exist at the time development plan is made, therefore problems can arise if there is a discrepancy between the plans that have been made and the actual reality. So the impact that often occurs is the delay in the time of project implementation which can also be accompanied by an increase in the cost of implementing the project. In the construction project of Cinere Terrace Suites Apartemen & Citywalk, Jakarta there was a delay resulting in a late payment of monthly bill progress by the owner. Based on the above reasons, this research was conducted to find out how the project performance was seen from the cost and time period of the review period. how is the estimated cost and time to complete the overall project work. The method used in the analysis of this study is the Earned Value Method. Based on the results of the analysis carried out for 29 weeks the project performance on schedule has been delayed and cost shows a positive value. For the estimated completion time of the project there is an increase in time whose duration increases from the planned 98 weeks or 685 days to 109,624 weeks or 768 days. While the estimated cost of completing the project from the results of the analysis obtained a value of Rp. 270,147,448,569.16 smaller than the planned cost of Rp. 315,272,727,272.73. With the difference VAC of Rp. 45,125,278,703.57 this shows that there are benefits obtained by the contractor.

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Study on Planning Methodology for Efficient Land Use and Urban Facility Construction Projects to Activate Central Business District

Journal of Construction Management JSCE ◽

10.2208/procm.13.289 ◽

2006 ◽

Vol 13 ◽

pp. 289-300

Author(s):

Mamoru HARUNA ◽

Tatsuya KUME ◽

Seiichiro KUBO ◽

Masahiro SAKURAI

Keyword(s):

Land Use ◽

Construction Projects ◽

Central Business District ◽

Facility Construction ◽

Business District ◽

Planning Methodology

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Integrated Approach for Big Offshore Production Facility Construction Projects

10.4043/18118-ms ◽

2006 ◽

Author(s):

R.A.R. da Silva ◽

J.A.V. de Castro Galarza ◽

J.E. Loureiro ◽

J.V. Martins

Keyword(s):

Construction Projects ◽

Integrated Approach ◽

Production Facility ◽

Offshore Production ◽

Facility Construction

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Tracking of Construction Projects by Earned Value Management

International Journal of Engineering Research and ◽

10.17577/ijertv5is031318 ◽

2016 ◽

Vol V5 (03) ◽

Cited By ~ 1

Author(s):

Amruta B. Vyas ◽

B. V. Birajdar ◽

Keyword(s):

Construction Projects ◽

Value Management ◽

Earned Value ◽

Earned Value Management

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Predicting Earned Value Indexes in Residential complexes’ Construction Projects Using Artificial Neural Network Model

10.20944/preprints202003.0363.v1 ◽

2020 ◽

Author(s):

ibraheem Aidan ◽

Firas Jaber ◽

Duaa Al-Jeznawi ◽

Faiq Al-Zwainy

Keyword(s):

Performance Index ◽

Construction Projects ◽

Historical Data ◽

Performance Indicator ◽

Residential Buildings ◽

Great Accuracy ◽

Value Management ◽

Earned Value ◽

Earned Value Management ◽

Cost Performance

The importance of this study may be defined by using the smart techniques to earned value indicators of residential buildings projects in Republic of Iraq, only one development intelligent forecasting model was presented to predict Schedule Performance Index (SPI), Cost Performance Index (CPI), and To Complete Cost Performance Indicator (TCPI) are defined as the dependent. The approach is principally influenced by the determining numerous factors which effect on the earned value management, that involves Iraqi historical data. In addition, six independent variables (F1: BAC, Budget at Completion., F2: AC, Actual Cost., F3, A%, Actual Percentage., F4: EV, Earned Value. F5: P%, Planning Percentage., and F6: PV, Planning Value) were arbitrarily designated and satisfactorily described for per construction project. It was found that ANN has the capability to envisage the dust storm with a great accuracy. The correlation coefficient (R) has been 90.00%, and typical accuracy percentage has been 89.00%.

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