Use of Earn Value Management in Indian Construction Industry:State of Art

Project cost and schedule are the most essential governing factor for the successful completion of a project. Earn Value Management can be used for evaluating the performance of the project. The study deals with the controlling and scheduling of a infrastructure project. EVM technique can do forecasting of duration for a project. It gives a well defined pathway of existence to the project and when to take precautionary measures for updating the project if project is behind the schedule. It can be used to identify the cost overruns and time overruns. EVM technique can be applied using certain software's like MSP, Primavera, etc.