Work

Earned value management used to monitor the project costs of ballast system fabrication and installation on a cargo ship

Year: 2024

Type: article

Abstract: The development of projects in the naval field is of crucial importance for the industry. Their success depends on how their costs and duration are managed. The study aims to present how naval projects can be monitored using Earned Value Management (EVM), a technique used to evaluate their performance from the point of view of costs. The Earned Value analysis has been applied to the manufacture and installation of a ballast system on a cargo ship. The results obtained have demonstrated that savings are achieved, and the works are delayed compared to the plan.

Source: Analele Universităţii Dunărea de Jos din Galaţi Fascicula XI Construcţii navale/ Annals of Dunărea de Jos of Galati Fascicle XI Shipbuilding

DOI: 10.35219/annugalshipbuilding/2024.47.03

Authors: Dragoș Damianov, Carmen Gasparotti

Institution: "Dunarea de Jos" University of Galati

Language: English

Topic: Construction Project Management and Performance

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W4405334677

FWCI:

Cites: 4

Cited by:

Related to: 10