Assessing the performance of construction projects: Implementing earned value management at the General Services Administration

Journal of Facilities Management

Volumn 3, Issue 1, 2005, Pages 92-105

  Alvarado, Carlos M ^a   Silverman, Robert P ^a   Wilson, David S ^a  

^a BOOZ ALLEN HAMILTON   (United States)

Author keywords

Earned value management; Performance measures; Project management; US General Services Administration

Indexed keywords

EID: 79952643314     PISSN: 14725967     EISSN: 17410983     Source Type: Journal    
DOI: 10.1108/14725960510808419     Document Type: Article

References (5)

1. Project Management Institute (2000), A Guide to the Project Management Body of Knowledge (PMBOK Guide), Newton Square, PA, Project Management Institute, p. 44.
2. Mulcahy, R. (2000) PMP Exam Prep, 3rd ed for the PMBOK Guide 2000, Minneapois, RMC Publications, p. 103.
3. ANSI Standard 748, Industry Guidelines for Earned Value Management Systems.
4. The first iterations of regression-based baseline curves were based on a combination of historical PBS data and data from a survey of contractors from the American Institute of Architects (AIA) and Associated General Contractors (AGC). Working with the PBS, Booz Allen updated the regression analysis to reflect more recent PBS project data. The curves are normalised so that they start at planned value=0, time=0 and end at planned value=1.0, time=1.0. Planned value=1.0 represents the contract amount excluding change orders, and time=1.0 represents the original time allotted to complete the project.
5. Bass, F. (1969) ‘A New Product Growth Model for Consumer Durables’, Management Science, Vol. 15, pp. 215-227.