2020
DOI: 10.20944/preprints202004.0162.v1
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Monitoring of Time and Cost Variances of Schedule Using Simple Earned Value Method Indicators

Abstract: The Planning and implementation of construction projects are difficult processes and are burdened with many risk elements. The budget spread over time, which is developed on the basis of the schedule, presents the expected distribution of costs throughout the duration of the works, which during the implementation of the project is subject to constant changes resulting from time, cost and organizational factors. Managing construction contracts requires managers to be able to analyze on an ongoing basis the … Show more

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Cited by 2 publications
(2 citation statements)
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“…Processing plastic waste into plastic pellets, it can be done in a batching process, meaning that it is separated based on a lot of incoming waste. The batching process can also be based on the type of plastic material/waste because all types of plastic DOI 10.18502/kss.v8i12.13656 TSBEC waste have different price values, Przywara [14] argues through his thesis that, it can be explained in Figure 3 below: The graph above explains that to measure operational costs, estimated process costs can be calculated through the following three elements:…”
Section: Literature Reviewmentioning
confidence: 99%
“…Processing plastic waste into plastic pellets, it can be done in a batching process, meaning that it is separated based on a lot of incoming waste. The batching process can also be based on the type of plastic material/waste because all types of plastic DOI 10.18502/kss.v8i12.13656 TSBEC waste have different price values, Przywara [14] argues through his thesis that, it can be explained in Figure 3 below: The graph above explains that to measure operational costs, estimated process costs can be calculated through the following three elements:…”
Section: Literature Reviewmentioning
confidence: 99%
“…The method was extended by the introduction of new parameters and indicators that, according to their authors, were not previously present in the method. These parameters allow for more precise calculations of, e.g., the schedule forecast indicator (SFI) [42]; the stability indicator of forecasting using earned value [43]; the risk performance index (RPI), which takes into account, among others aspects, health and safety, stakeholder satisfaction, or quality [44]; and the impact of unplanned time and cost deviations on the financial liquidity of a construction project [45]. Moreover, they enable the elements of risk analysis during the execution of works; uncertainty conditions [46]; the cost-effectiveness assessment of projects in random implementation conditions [47,48]; time deviations from the schedule (T/S), and deviations from the planned costs (T/C) [41] to be taken into consideration [49].…”
Section: Literature Reviewmentioning
confidence: 99%