Project Performance Using Earned Value Analysis

Analysis of Project Performance Using Earned Value Analysis through Fuzzy Approach

SANDHYA SURESH1, GANAPATHY RAMASAMY2
1Student, Department of Civil Engineering, SRM University, Chennai, INDIA) Email: [e-mail] 2Assistant Professor, Department of Civil Engineering, SRM University, Chennai, INDIA Email: [e-mail]

Abstract: Construction industries are facing challenges day by day. Amidst all these challenges it is very crucial to improve the performance of a project with respect to Schedule and Cost. Earned Value Analysis is an important tool in analyzing the performance of any construction project. It measures the project progress and helps in identifying the critical activities and helps in bringing

3. Scope of the Project:

Earned Value Analysis as a performance evaluation tool can be used for any construction project. This paper focuses on the Earned Value Analysis done on a real time project. The analysis helped the project perform better through the cost and schedule indices.
4. Earned Value Analysis:

There are mainly three terms which identifies Earned Value Technique: Budgeted Cost of Work Scheduled (BCWS) or Planned Value (PV) Budgeted Cost of Work Performed (BCWP) or Earned Value (EV) Actual Cost of Work Performed (ACWP) or Actual Cost (AC) Planned Value
The planned value is that portion of the approved total cost estimate which is planned to be spent on an activity during a given period.
PV = Physical Work + Approved Budget Actual Cost Actual cost (AC), also called actual cost of work performed (ACWP), is the total of direct and indirect costs incurred in accomplishing work on an activity during a given period. Earned Value The earned value (EV), also called the budgeted cost of work performed (BCWP), is an approximation of the value of the physical work actually completed. It relates the original planned costs for the project or activity and the rate at which the team is completing work on the project or activity to

Figure 4 shows the Cash flow report and Figure 5 shows the Budget Cost Report and Figure 6 shows the bar representation of sequence of activities.

Fig 4: Sequence of activities

The analysis is shown in figure 5 and figure 6.

Fig 5: EV cost analysis

Fig 6: EV schedule analysis

From the Cost Analysis, CV is showing a negative value which means it is over budget.
CPI = 0.97, which means the project is getting only 0.97 of every 1 rupee that it spends.
From the Schedule Analysis, SV is showing a positive value which means it is ahead of schedule.
For the project, initial estimate was based on the plan of individual footings for each column. But there was a change in plan and pile foundation was adopted. This was because of future plans of further raise of this G + 2 level project. Because of this change in plan and a constraint of project deadline (June 2015), they had to work 24 hours a day in the site. This might be the reason for the SV showing a positive value thus telling that project is ahead of schedule.

Table 3: Conclusion based on Fuzzy output

State of (CPI) ̃ and SPI against 1
Graphical Description
Decision making

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