• Title/Summary/Keyword: Earned Value Management System

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A Study on the Cost Hierarchical System of Nuclaer Power Plant Construction Project for Introcusting Earned Vaule Management System (성과관리시스템(EVMS) 도입을 위한 원전 건설사업비 관리체계 세분화 방안에 관한 연구)

  • Lee, Sang-Hyun;Kim, Woo-Joong
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.05a
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    • pp.230-231
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    • 2019
  • The nuclear power plant construction project is large-scale, has various stakeholders and computer system, and is produced and managed a large amount of information. The domestic nuclear power plant construction project has accumulated data based on many years of experience in the system. It has the competitiveness to suggeest alternatives that meet the requirement of the client in the overseas nuclear power plant project. Earned value management, which integrates schedule and cost, is possible to risk management. It was developed the earned value management system considering the the actual data properties and types of the preceding nuclear power plant construction projects. It will be able to increase the nuclaer power plant export competieiveness. Therefore, it was palned to carry out future stuies so that it be able to complement the measure to integrate cost and schedule in consideration of actual data(quantity of activity, etc.).

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A Study on Earned Value Management System (EVMS) For Project Using ERP System (ERP 시스템을 이용한 프로젝트 EVMS에 관한 연구)

  • Park, Je-Won;Lee, Chang-Ho
    • Journal of the Korea Safety Management & Science
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    • v.12 no.4
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    • pp.145-151
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    • 2010
  • It seems that a primary concern of the project-based company, which provides a large scale product or service over long term period, is to run a successful project through systematic project process control and control costs. One of the typical project control methods is Earned Value Management System(EVMS) which analyses the precess through performance measurement. Even though the EVMS is a highly efficient tool in the managerial aspect, it cannot easily determine the Planned Value(PV), Actual Cost(AC), or Earned Value(EV) due to the indistinct criteria and extensive data. The accurate calculation of AC in particular, is the basic of project management, but most companies record direct personnel expenses or direct expenses only. Since they calculate indirect expenses based on the estimated ratio, it limits the systematic project management that reflects changes in profit and loss of a company. This study introduces a EVMS for project management and its actual case based on EVMS and ERP system which some additional modules are installed for performance measurement. It is expected that this new method enables a company to save time and effort, and also to improve transparency by specifying expense items in detail and to switch quarterly settlement to monthly by reducing the time of calculation.

A Study on the Efficiency of Earned Value Management System for Practical Application (공정${\cdot}$공사비 통합관리시스템의 실무적용 효율화 방안)

  • Lee Woo-Sik;Kang Leen-Seok
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.500-503
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    • 2003
  • Considering that our construction market is recognizing the necessity of EVMS(Earned Value Management System) and that the EVMS will be applied to the construction projects with large scale. the suggested methodologies to link WBS(Work Breakdown Structure) with EVMS results and the developed web-based EVMS can be a tentative system for practical application.

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A Control Account Planning Using Material Requirement Planning in Earned Value Project (MRP기법을 이용한 EV프로젝트의 관리계정계획)

  • Kim Soo-Yong;Lee Yang-Ho;An Dong-Geun
    • Korean Journal of Construction Engineering and Management
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    • v.3 no.4 s.12
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    • pp.114-122
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    • 2002
  • Earned Value Management System(EVMS) is a management technique that is emerging as a valuable tool in the management of all projects, including and in particular construction projects. It is based on C/SCSC that has been released by the U.S. Department of Defense (DOD) in 1967. In a project that employs the earned value management concept, the project's measurable performance plans will be formed with the creation of CAPs. The formation of CAPs is a planning step necessary to form an earned value baseline. In this paper, a method is proposed to form CAPs using Material Requirement Planning(MRP) that is also known as a useful planning tool in the manufacturing industry. An application to a real project has been carried through workpackaging model.

Development of Earned Value Management System by Using Visualization Index and WBS Map (시각화 지표 및 좌표식 정보분류체계에 의한 공정.공사비 통합관리시스템 개발)

  • Lee, Woo-Sik;Kang, Leen-Seok;Park, Seo-Young
    • Korean Journal of Construction Engineering and Management
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    • v.10 no.1
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    • pp.26-35
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    • 2009
  • Work breakdown structure (WBS) can be used as an information center in earned value management system (EVMS) for the construction project. Because EVMS results, such as schedule variance and cost variance, are analyzed for the selected WBS code, the role of WBS code is important in EVMS. This study suggests a methodology for organizing WBS map with a quadrant. It can represent the project organization collectively by work level in a coordinate system. And the study developed an EVMS tool based on the WBS map and this tool can visualize various attribute indexes of EVMS by color symbols. Those methodologies can be used for improving practical application of EVMS.

A Study on the Improvement of Construction Progress Measurement Based on Earned Value Concept (EV기반 RC 공사 진도율산정 개선방안)

  • Choi Tae-Young;Jung Hye-Won;Koo Kyo-Jin;Hyun Chang-Taek
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.307-310
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    • 2003
  • Construction projects include risks due to uncertain factors, so it's important to repeatedly evaluate the performance of on-going work in all aspects of the projects. But construction projects are usually managed focusing on the results of projects. Moreover, cost and schedule are managed separately even though the efficiency of integrated management is very high. Recently many researches about cost and schedule integration methods are in progress according to the increasing of interest and EVMS (Earned Value Management System). Though researchers comment and propose many methods, it's hard to find example to apply it to the real project. So, the purpose of this study is to improve a method of construction Progress measurement Based on Earned value Concept by integration of cost and schedule management. It investigates the previous studies, interviews and performs a case study.

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A Study on the Work Package and Resource Planning of En by using the Material Requirement Planning(MRP) (MRP기법을 이용한 EVMS의 복합작업$\cdot$자원계획에 관한 연구)

  • Kim Soo-Yong;Lee Yang-Ho;Lee Young-Dae
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.410-415
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    • 2001
  • Earned Value Management System(EVMS) has been considered as a useful tool of managing construction projects lately and its instruction into a private industry is now under consideration by the Korean government. It is on the basis of C/SCSC that had been released by the U.S. Department of Defense(DOD) since 1967. Its research has been in the active progress in order to utilize the earned value concept as a project management tool for construction project ordered by both government and private sector. Material Requirement Planning(MRP) is also known as a tool of planning and scheduling resources for assembly product as a part of inventory control models in the manufacturing industry. The purpose of this study is the effective employment of Earned Value Management to manage the construction projects by utilizing Material Requirement Planning(MRP), based on project management software and Workpackaging model.

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A Study on ERP System for EVMS in Project-based Industry (프로젝트형 산업의 EVMS을 위한 ERP 시스템에 관한 연구)

  • Park, Je-Won;Lee, Chang-Ho
    • Proceedings of the Safety Management and Science Conference
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    • 2010.11a
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    • pp.343-348
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    • 2010
  • Earned Value Management System(EVMS) is a highly efficient tool in the project management, but it cannot easily determine the Actual Cost due to the indistinct criteria and extensive data. This study introduces a EVMS for project management and its actual case based on EVMS and ERP system which some additional modules are installed for performance measurement. It is expected that this new method enables a company to improve transparency by specifying expense items in detail and to switch quarterly settlement to monthly by reducing the time of calculation.

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A Study on the Connection Model for Attribute Code of Earned Value Management System (정보화된 EVMS 구축을 위한 속성코드 연계모형 구성 연구)

  • Lee, Woo-Sik;Kang, Leen-Seok
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.362-365
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    • 2004
  • This study suggests an attribute code system for earned value management system (EVMS). The attribute code system can be used for integrating various EYM data from construction schedule and cost. If the suggested attribute code is used in EVM, sorting and typical classifying of EVM data is possible in the computerized system. Those functions are an effective management tool for construction manager comparing with other EVM tools.

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