Mitigating Time and Cost Overruns in Construction Projects: A Questionnaire Study on Integrating Earned Value Management and Risk Management
One of the persistent challenges in the construction industry is accurately estimating time and costs for civil engineering projects. Inadequate planning in these areas can lead to unexpected expenses and delays. The main goal of this study is to evaluate the impact of Earned Value Management (EVM)...
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| Format: | Article |
| Language: | English |
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Engiscience Publisher
2023-12-01
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| Series: | Journal of Studies in Science and Engineering |
| Subjects: | |
| Online Access: | https://engiscience.com/index.php/josse/article/view/90 |
| _version_ | 1797375367794655232 |
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| author | Ahmed Rasul Hussein Sina Fard Moradinia |
| author_facet | Ahmed Rasul Hussein Sina Fard Moradinia |
| author_sort | Ahmed Rasul Hussein |
| collection | DOAJ |
| description |
One of the persistent challenges in the construction industry is accurately estimating time and costs for civil engineering projects. Inadequate planning in these areas can lead to unexpected expenses and delays. The main goal of this study is to evaluate the impact of Earned Value Management (EVM) and risk management on factors such as project schedule, project costs, and design defects. For this research, a questionnaire was designed and disseminated to subject matter experts in Iran. Geographically, the participation rates were 38.49% in East Azerbaijan, 31.65% in West Azerbaijan, and 26.86% in the Tehran Province. Data was analyzed using SPSS and AMOS software. Structural equation modeling results indicate that both risk management and Earned Value Management (EVM) have a positive influence on project time (0.53) and cost (0.60). The analysis suggests that the EVM system and risk management directly and positively affect project time management. Moreover, the information phase of the Evam system notably impacts project time and cost management, whereas the performance phase contributes to reducing design defects and enhancing project quality.
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| first_indexed | 2024-03-08T19:22:14Z |
| format | Article |
| id | doaj.art-2bb1ea3b8746487f8fd5d1b8d7ae2168 |
| institution | Directory Open Access Journal |
| issn | 2789-634X |
| language | English |
| last_indexed | 2024-03-08T19:22:14Z |
| publishDate | 2023-12-01 |
| publisher | Engiscience Publisher |
| record_format | Article |
| series | Journal of Studies in Science and Engineering |
| spelling | doaj.art-2bb1ea3b8746487f8fd5d1b8d7ae21682023-12-26T14:27:09ZengEngiscience PublisherJournal of Studies in Science and Engineering2789-634X2023-12-013210.53898/josse2023323Mitigating Time and Cost Overruns in Construction Projects: A Questionnaire Study on Integrating Earned Value Management and Risk ManagementAhmed Rasul Hussein0Sina Fard Moradinia1Civil Engineering Department, University of Raparin, Ranya, 46012, IraqDepartment of Civil Engineering, Tabriz Branch, Islamic Azad University, Tabriz, 51368, Iran One of the persistent challenges in the construction industry is accurately estimating time and costs for civil engineering projects. Inadequate planning in these areas can lead to unexpected expenses and delays. The main goal of this study is to evaluate the impact of Earned Value Management (EVM) and risk management on factors such as project schedule, project costs, and design defects. For this research, a questionnaire was designed and disseminated to subject matter experts in Iran. Geographically, the participation rates were 38.49% in East Azerbaijan, 31.65% in West Azerbaijan, and 26.86% in the Tehran Province. Data was analyzed using SPSS and AMOS software. Structural equation modeling results indicate that both risk management and Earned Value Management (EVM) have a positive influence on project time (0.53) and cost (0.60). The analysis suggests that the EVM system and risk management directly and positively affect project time management. Moreover, the information phase of the Evam system notably impacts project time and cost management, whereas the performance phase contributes to reducing design defects and enhancing project quality. https://engiscience.com/index.php/josse/article/view/90Construction Questionnaire Earned Value Management Risk Management Project Cost |
| spellingShingle | Ahmed Rasul Hussein Sina Fard Moradinia Mitigating Time and Cost Overruns in Construction Projects: A Questionnaire Study on Integrating Earned Value Management and Risk Management Journal of Studies in Science and Engineering Construction Questionnaire Earned Value Management Risk Management Project Cost |
| title | Mitigating Time and Cost Overruns in Construction Projects: A Questionnaire Study on Integrating Earned Value Management and Risk Management |
| title_full | Mitigating Time and Cost Overruns in Construction Projects: A Questionnaire Study on Integrating Earned Value Management and Risk Management |
| title_fullStr | Mitigating Time and Cost Overruns in Construction Projects: A Questionnaire Study on Integrating Earned Value Management and Risk Management |
| title_full_unstemmed | Mitigating Time and Cost Overruns in Construction Projects: A Questionnaire Study on Integrating Earned Value Management and Risk Management |
| title_short | Mitigating Time and Cost Overruns in Construction Projects: A Questionnaire Study on Integrating Earned Value Management and Risk Management |
| title_sort | mitigating time and cost overruns in construction projects a questionnaire study on integrating earned value management and risk management |
| topic | Construction Questionnaire Earned Value Management Risk Management Project Cost |
| url | https://engiscience.com/index.php/josse/article/view/90 |
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