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Earned value management sysytem and its aplicability in govermnment departmental executing agency in infrastructure development

Author: 
Kumar Avinav
Subject Area: 
Physical Sciences and Engineering
Abstract: 

The management of multi-disciplinary infrastructure projects requires monitoring and controlling tools for effective project management. The Earned Value Management System (EVMS) is a useful management tool available for project managers to monitor and control multi-disciplinary projects. EVMS measures project performance by comparing the amount of work planned against the amount of work actually carried out and the actual cost incurred. EVMS combines the work scope, schedule and the cost elements of a project and facilitates the integrated reporting of a project’s progress and cost status.1 Government departmental executing agency considers physical percentage and financial progress of a job as a management and controlling tool .In cases where the difference between financial and physical percentage progress exceeds certain prefixed limit, then financial expenditure pertaining to that job is prohibited. This control is exercised with an intention that whatever expenditure has been incurred for mobilization of resources has to be culminated in physical progress. This paper discuss the applicability of EVMS as an effective tool for the government departmental executing agency and only monitoring physical and financial progress is not sufficient as management and controlling tool.

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