An earned value management (EVM) framework for the performance measurement of PFI construction projects in Malaysia
Earned Value Management (EVM) is a project performance measurement method which integrates the cost, schedule and technical performance. It establishes the earn value of a completed work and compares it with the actual cost and planned cost to determine the project performance and to forecast its f...
| Main Authors: | , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2010
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/4090/1/M.W.pdf |
| _version_ | 1825740263794933760 |
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| author | Khan, M. Waris Ali Khamidi, Mohd Faris Idrus, Arazi |
| author_facet | Khan, M. Waris Ali Khamidi, Mohd Faris Idrus, Arazi |
| author_sort | Khan, M. Waris Ali |
| collection | UUM |
| description | Earned Value Management (EVM) is a project performance measurement method which integrates the cost, schedule and technical performance. It establishes the earn value of a
completed work and compares it with the actual cost and planned cost to determine the project performance and to forecast its future trends. This technique encourages public and private organizations to monitor the performance of their mega projects effectively. The present study examines the EVM process in order to derive a framework for monitoring and controlling of PFI construction projects in Malaysia. The proposed framework is comprised of five fundamental elements i.e. organizational policy; planning;
implementation; measurement, analysis and reporting; and management performance review.These elements interact with each other to form an integrated EVM performance measurement system. The aim of this framework is to provide the construction organizations an understandable view about the implementation of an EVM System. |
| first_indexed | 2024-07-04T05:23:48Z |
| format | Conference or Workshop Item |
| id | uum-4090 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:23:48Z |
| publishDate | 2010 |
| record_format | eprints |
| spelling | uum-40902016-04-25T03:26:48Z https://repo.uum.edu.my/id/eprint/4090/ An earned value management (EVM) framework for the performance measurement of PFI construction projects in Malaysia Khan, M. Waris Ali Khamidi, Mohd Faris Idrus, Arazi TH Building construction Earned Value Management (EVM) is a project performance measurement method which integrates the cost, schedule and technical performance. It establishes the earn value of a completed work and compares it with the actual cost and planned cost to determine the project performance and to forecast its future trends. This technique encourages public and private organizations to monitor the performance of their mega projects effectively. The present study examines the EVM process in order to derive a framework for monitoring and controlling of PFI construction projects in Malaysia. The proposed framework is comprised of five fundamental elements i.e. organizational policy; planning; implementation; measurement, analysis and reporting; and management performance review.These elements interact with each other to form an integrated EVM performance measurement system. The aim of this framework is to provide the construction organizations an understandable view about the implementation of an EVM System. 2010-07 Conference or Workshop Item NonPeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/4090/1/M.W.pdf Khan, M. Waris Ali and Khamidi, Mohd Faris and Idrus, Arazi (2010) An earned value management (EVM) framework for the performance measurement of PFI construction projects in Malaysia. In: 2nd International Conference on Technology and Operations Management (ICTOM), 5 - 7 July 2010 , Bayview Hotel, Langkawi. (Unpublished) http://cob.uum.edu.my/ictom |
| spellingShingle | TH Building construction Khan, M. Waris Ali Khamidi, Mohd Faris Idrus, Arazi An earned value management (EVM) framework for the performance measurement of PFI construction projects in Malaysia |
| title | An earned value management (EVM) framework for the performance measurement of PFI construction projects in Malaysia |
| title_full | An earned value management (EVM) framework for the performance measurement of PFI construction projects in Malaysia |
| title_fullStr | An earned value management (EVM) framework for the performance measurement of PFI construction projects in Malaysia |
| title_full_unstemmed | An earned value management (EVM) framework for the performance measurement of PFI construction projects in Malaysia |
| title_short | An earned value management (EVM) framework for the performance measurement of PFI construction projects in Malaysia |
| title_sort | earned value management evm framework for the performance measurement of pfi construction projects in malaysia |
| topic | TH Building construction |
| url | https://repo.uum.edu.my/id/eprint/4090/1/M.W.pdf |
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