Risk Performance Index and Measurement System

Abstract

This chapter surveyed three methodologies of performance measurement systems used in existing construction businesses: EVMS, BSC, and KPI. 2.1 EVMS The Earned Value Management System (EVMS) is the most widely used performance measurement system in construction businesses. The United States Department of Defense www.intechopen.com Advanced Topics in Measurements 228 (2008) has described it as "a performance-based management system for measuring actual progress against the criteria configuration for the cost, schedule, and performance goals in projects". Fleming and Koppleman (1996) defined the EVMS as "a continuous measurement for practical works under precisely managed work schedules and a management method that estimates the final cost and schedule in a project through this measurement".