The Earned Value Management - A Measurement Technique of the Performance of the Costs and Labor in the Project

Carmen Gasparotti (), Alina Raileanu () and Eugen Rusu ()
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Carmen Gasparotti: “Dunarea de Jos” University
Alina Raileanu: Danubius University of Galati
Eugen Rusu: “Dunarea de Jos” University

Acta Universitatis Danubius. OEconomica, 2017, issue 13(2), 234-247

Abstract: Most of the planned projects have problems due to the cost and time overruns from different reasons. Earned value management (EVM) is a project performance evaluation technique that has been used in many projects from several fields, but which has been adapted to be used in project management to objectively track the physical accomplishment of certain work. The earned value analysis offers the possibility to manage the project performances in early stages of the project to point out the need of the eventual corrective action. This paper aims to present the main parameters involved in the calculation of the Earned Value Analysis (EVA) for a ballast plant on shipboard.

Keywords: Earned Value Management; Earned Value Analysis; Cost Variance; Schedule Variance; Planned Value (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2017:i:2:p:234-247

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