Research on Optimization of Earned Value Management Method in Engineering Budget Management
Ji Gedi*, 1, 2, Wu Yunna1, Chang Qing2
Identifiers and Pagination:Year: 2015
First Page: 369
Last Page: 375
Publisher Id: TOCIEJ-9-369
Article History:Received Date: 15/1/2015
Revision Received Date: 28/3/2015
Acceptance Date: 3/4/2015
Electronic publication date: 29/5/2015
Collection year: 2015
open-access license: This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International Public License (CC-BY 4.0), a copy of which is available at: https://creativecommons.org/licenses/by/4.0/legalcode. This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Earned Value Management Method (EVM), widely used in the world, is a project management method of costschedule integrated control. But the traditional EVM sometimes cannot provide an accurate result. In this paper, a practical method is given to analyze the project performance, in which the Network Diagram Method and the Critical Path Method have been introduced into EVM system that can better reflect the practical situation of a project. This improved method can be referred to assub-level earned value analysis method. This method can correct variance in the duration and cost forecast of the traditional EVM, and can also provide more information about the cause analysis.