dc.contributor.author |
Hettipathirana, HDAP |
|
dc.contributor.author |
Karunasena, G |
|
dc.contributor.editor |
Sandanayake, YG |
|
dc.contributor.editor |
Fernando, NG |
|
dc.contributor.editor |
Karunasena, GI |
|
dc.date.accessioned |
2022-02-24T05:20:38Z |
|
dc.date.available |
2022-02-24T05:20:38Z |
|
dc.date.issued |
2014-06 |
|
dc.identifier.citation |
Hettipathirana, H.D.A.P., & Karunasena, G. (2014). Applicability of earned value management as a performance measurement tool for Sri Lankan construction industry. In Y.G. Sandanayake, N.G. Fernando & G.I. Karunasena (Eds.), Sustainability and development in built environment: the way forward (pp. 63-69). Ceylon Institute of Builders. https://ciobwcs.com/downloads/WCS2014-Proceedings.pdf |
en_US |
dc.identifier.uri |
http://dl.lib.uom.lk/handle/123/17070 |
|
dc.description.abstract |
This study is based on the Earned Value Management (EVM) performance measurement technique and
its practice in Sri Lankan construction industry. Since the project success clearly depend on accuracy
on evaluated performance measurement, EVM have emerged through various techniques, due to its
higher degree of reliability, effectiveness, accuracy, and efficiency.
Data collection was done through the case study research approach and cross case analysis was used
for data analysis. Four cases were selected to extract the current practice of EVM and its suitability as
a performance measurement for the industry.
In traditional methods, physical progress is not taken into account when analysing cost performance.
Instead, actual cost of a project up to date is simply compared to planned costs, often with misleading
results. Therefore, as a mitigating measure, EVM can be applied for measuring a project's performance
forecasting future trends and analysing variances in the schedule and budget as the project proceeds.
EVM as a standard method can be considered more successful with better results in projects simple and
direct with a detailed scope. As evidenced in the case study, projects with complex and incomplete final
products show higher deviations in the use of the technique. The EVM suggests a cultural change in the
process of projects control; therefore people who have experience in dealing with the tool are really
necessary in this process. The way an organisation implements the tool, influences directly to the
results. If it had an organisational support, provided by specialised resources, will have better results
in terms of application. |
en_US |
dc.description.sponsorship |
Ceylon Institute of Builders (CIOB) |
en_US |
dc.language.iso |
en |
en_US |
dc.publisher |
Ceylon Institute of Builders |
en_US |
dc.relation.uri |
https://ciobwcs.com/downloads/WCS2014-Proceedings.pdf |
en_US |
dc.subject |
Construction |
en_US |
dc.subject |
Sri Lanka |
en_US |
dc.subject |
Earned value management |
en_US |
dc.subject |
Performance measurement |
en_US |
dc.subject |
Traditional methods |
en_US |
dc.title |
Applicability of earned value management as a performance measurement tool for Sri Lankan construction industry |
en_US |
dc.type |
Conference-Full-text |
en_US |
dc.identifier.faculty |
Architecture |
en_US |
dc.identifier.department |
Department of Building Economics |
en_US |
dc.identifier.year |
2014 |
en_US |
dc.identifier.conference |
3rd World Construction Symposium 2014 |
en_US |
dc.identifier.place |
Colombo |
en_US |
dc.identifier.pgnos |
pp. 63-69 |
en_US |
dc.identifier.proceeding |
Sustainability and development in built environment: the way forward |
en_US |
dc.identifier.email |
gayanik@uom.lk |
en_US |