International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395-0056
Volume: 04 Issue: 07 | July -2017
p-ISSN: 2395-0072
www.irjet.net
Cost Analysis of Road Construction Project by Earned Value Analysis using Primavera P6 Maheshwar S Maregoudru1, Monish Kumar K2, Ashwija K C3, Sparsha B P4 1, 2 PG
Student, Dept. of Civil Engineering, KVGCE, Sullia, Karnataka, India Professor, Dept. of Civil Engineering, KVGCE, Sullia, Karnataka, India ---------------------------------------------------------------------***--------------------------------------------------------------------3 ,4 Asst
Abstract - Transportation is one of biggest basic need for
Construction project, losses are due to inadequate construction management and cost performances done by the contracts in the road construction projects. So it is necessary to develop the planning software to easy the works and risks arises in the projects. The mainly used software is MSP, Primavera P6 and some developed software. This software gives better scheduling methods and cost performances affectively.
the society. The construction of road gives the better transportation facility around the country. For better development of the country in the construction assertive, the project management is necessary. Time and Cost are the two basic parameters to control work in the execution of the road construction. Flow of cost and its usage is very important aspect for beneficial point of view. It is necessary to develop the planning software to easy the works and risks arises in the projects. For the cost analysis of the road works, EVA technique is used to overcome the problems raised during execution. To understand the cost values in the road construction projects, an industrial road work is considered as a case study. Earned value analysis of any construction industry which gives the warning messages to the planning process as well as during the execution of the project whether the project is going on time and it is under budget or over budget. Primavera P6 software gives the accurate Earned value results.
1.1 Road Construction Construction of roadway has the many scopes in the developing countries like India. The better quality of road work needs good quality of construction methods and better usage of the resources available near the working place. A good construction management gives the better quality of work.
1.2 Concept of EVA- Earned Value Analysis
Key Words: Earned Value Analysis, Primavera P6, Project Management, Road Work, Cost, Time, EVA Parameters, Resources, Scheduling.
Earned Value is a program management technique that uses “work in progress” to indicate what will happen to work in the future. EVA uses cost as the common measure of project cost and schedule performance. It allows the measurement of cost in currency, hours, worker-days, or any other similar quantity that can be used as a common measurement of the values associated with project work. EVA uses the following project parameters to evaluate project performance [1]
1. INTRODUCTION Transportation is one of biggest basic need for the society. The construction of road gives the better transportation facility around the country. For better development of the country in the construction assertive, the project management is necessary. Time and Cost are the two basic parameters to control work in the execution of the road construction. Flow of cost and its usage is very important aspect for beneficial point of view. It is necessary to develop the planning software to easy the works and risks arises in the projects. For the cost analysis of the road works, EVA technique is used to overcome the problems raised during execution.
1. Planned Value (PV): It is cost of the construction project as per the schedule of the project. It is also called as BCWS (Budgeted cost of work scheduled). 2. Earned Value (EV): It is budgeted cost, of the work performed till, the current date. It is cumulative budgeted cost occurred in activities that will complete on the due date.
In olden days, the project budgeted total cost is determined by the difference, between the actual cost, and planned cost. That means the project managers’ focus was on only for planned cost and expenditure cost as actual cost. Now in the modern days many schedule properties and cost parameters are considered. Because it is very important in every
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Impact Factor value: 5.181
Planned Value Earned Value Actual Value
3. Actual Cost (AC): It is the costs which are spent on complete the project during the execution till date. It is also called as ACWP (Actual cost of work performed).
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