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Home / Journals / American Journal of Civil Engineering / Application of Earned Value Analysis in Construction Projects
Application of Earned Value Analysis in Construction Projects
Lead Guest Editor:
Mohammad Azim Eirgash
Karadeniz Technical University, Trabzon, Turkey
Guest Editors
Saman Aminbakhsh
Atilim University
Ankara, Turkey
Ratnasai Kosuru
Indian Institute of Technology Madras
Chennai, India
Ali Mortazavi
University of Usak
Usak, Turkey
Artar Musa
Bayburt University
Bayburt, Turkey
Sumanth Cheruku
University of Texas
Austin, USA
Fatih Yesevi Okur
Karadeniz Technical University
Trabzon, Turkey
Introduction
The earned-value system is used to monitor the progress of work and compare accomplished work with planned work. The BCWS (budgeted cost of work performed) is the amount of money that was planned, or budgeted, at each time period in the project. It is determined by cost loading the CPM (Critical Path Method) diagram to determine the distribution of cost in accordance with the project plan. The S-curve for a project indicates the BCWS. The ACWP (Actual cost of work performed) is the actual amount of money that has been spent at any point in time during the project.
It is determined from accounting records or the responsible party that keeps records of actual expenditure of money. It is the budgeted amount for the work actually accomplished on the schedule activity or work breakdown structure (WBS) component during a given time span. It is obtaining by multiplying the percent completed by the budget amount for the work or by review and updating of a project.

Aims and Scope:

  1. Earned value management
  2. Engineering Project management
  3. Actual cost of work performed
  4. Budgeted cost of work performed
  5. Budgeted cost of work scheduled
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