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Feb 17, 2025Keywords:
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Main Article Content
Exploring benefits, critical success factors and barriers of earned value management in construction projects: a preliminary evaluation
Abstract
Timely and cost-effective completion of projects is crucial for achieving project goals. Earned Value Management (EVM) has been accepted as a very successful quantitative technique for monitoring, measuring, and managing project performance across several industries. The use of EVM in construction projects is on the rise due to its considerable importance. However, there is still the potential to improve its implementation in construction projects. This paper aims to identify the key benefits, critical success factors and barriers of adoption of EVM in construction projects. A set of 10 benefits, critical success factors and barriers was initially created in the first phase. In second phase, Subject matter experts evaluated the content of these items based on their relevance, clarity, and simplicity using a 4-point Likert grading scale. Each item’s content validity index and interrater reliability were computed, and five benefits, critical success factors and barriers which maintained content validity in the final version of the questionnaire. In third phase, 73 valid responses from construction project stakeholders in India with the help of Google Forms. The data was analysed using the Jamovi 2.3.26 software, Finally, in forth phase, mean weighted value and relative importance index analysis yielded two key benefits, two barriers and two critical success factors. The research sample consisted solely of construction project stakeholders from India. This study will be useful for stakeholders’ decision-making in adopting of monitoring methods for construction projects.
