ANALYSIS PERFORMANCE COST AND IMPLEMENTATION WITH EARNED VALUE METHOD
Published In: 8TH INTERNATIONAL CONFERENCE ON ADVANCES IN CIVIL, STRUCTURAL AND MECHANICAL ENGINEERING
Author(s): HERBY CALVIN PASCAL TIYOW
Abstract: Earned Value Method is a method developed to determine the progress of the project based on the progress that has been achieved. This method will provide very useful information when applied to evaluate project progress in order to identify potential slippage and use of budget overruns. The concept of an earned value has three main components: the budget cost, the actual cost, and a value derived from the cost that has been issued or called the earned value. The research was carried out on the project of Faculty of Engineering Development of Hasanuddin University in Makassar, South Sulawesi. The research method is an intrusive analysis by analyzing project performance after the 13th week. The results showed that the application of the earned value method showed that the project time performance from the first week to the 13th week experienced several deviations, ie at the 4th, 8th and 13th weeks. So the project has decreased time performance at a cost that is less than the budget.
- Publication Date: 24-Jun-2018
- DOI: 10.15224/978-1-63248-154-2-26
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INVESTIGATING THE RISK PREVENTIVE AND MITIGATIVE METHODS USED IN GAUTENG, SOUTH AFRICA: EVIDENCE FROM CONTRACTORS
Published In: 8TH INTERNATIONAL CONFERENCE ON ADVANCES IN CIVIL, STRUCTURAL AND MECHANICAL ENGINEERING
Author(s): NAZEEM ANSARY
Abstract: This study sought to investigate the effectiveness of risk management methods used in construction projects according to contractor’s perspective. Literature search and questionnaire surveys were carried out, and a total of thirteen risk management actions were identified which were further categorized into two groups of preventive and mitigative actions. Research findings identified subjective judgment to produce a proper programme and production of a proper schedule as mostly used actions to manage risks in the first group. Furthermore, close supervision, increase the working hours and coordinate closely with subcontractors were the most used actions to manage risks in the latter group. The results of this study would considerably boost the understanding of risk management actions and also assist contractors in handling various risks faced by the industry.
- Publication Date: 24-Jun-2018
- DOI: 10.15224/978-1-63248-154-2-28
- Views: 0
- Downloads: 0