Highlights of Earned Value Analysis in Construction Projects

Abstract

Construction projects are typically carried out under high-risk conditions and managers are forced to handle a great deal of uncertainty during the construction process. The Earned-Value Analysis is a control technique that provides early warnings of performance by quantitative measures, enabling timely corrective actions to ensure project success. This method was developed to control and adjust the project's baseline during execution. The objective of this article is to discuss the main implications of using EVA in construction projects through a case study. Results proved the applicability of the method in the construction industry. The various indicators generated allow managers to make forecasts for optimistic, realistic, and pessimistic scenarios, having the opportunity to correct any deviations in advance. In addition to forecasts, benchmarking data can be generated for the planners or companies responsible for the project, thus increasing the accuracy of future projects.