Schedule Management by

Superimposing
Risk Management & Lean Techniques
over EVM
VAIBHAV BAWANIYA
SPA/BEM/587
INTRODUCTION
In this Seminar, study of a live construction projects schedule
management is desired to be done by superimposing Risk Analysis and Lean
principles over EVM (Earned Value Management). The exercise will be carried
out by using suitable Computational Technologies and by using advanced
mathematics calculations such as Monte

Earned Value Management (EVM) is a wonderful management system,
integrating cost, schedule and technical performance. EVM measures
schedule performance not in units of time, but rather in cost. Cost, in the form
of Earned Value, can be used to analyze progress of a project.

Project risk management is the art and science of identifying, analyzing,
and responding to risk throughout the life of a project and in the best interests
of meeting project objectives.
Risk management is often overlooked in projects, but it can help improve
project success by helping select good projects, determining project scope,
and developing realistic estimates.



Any activity or resources which is leading to non value-adding
activities/Resource(which customer does not want) are known as waste. Lean
is a way to design production system to reduce wastages and to generate
maximum amount of flow.
Lean Waste
Waiting
Rushing
Over
Producti
on
Unnecessar
y
Movement
Defects
Excess
Inventory
Unnecessary
Transport
NEED TO STUDY
At present time, there is much need to develop the effective &
creative methods to manage and control the construction projects. So
there is an attempt to develop advanced techniques for deliverables
by combining EVM, Risk Analysis, Lean techniques over conventional
techniques of Project management.

Project Managers need the ability to generate reasonable
estimates of the duration. Furthermore, they need to be able to
estimate a revised completion date at each reporting period without
having to exhaustingly evaluate the tasks remaining each time.


To study the impacts after superimposing risk management and
Lean techniques over EVM on a live construction project
hypothetically.
OBJECTIVES
To study the EVM, Risk Management and Lean techniques
To improve the Earned Value of the project
To evolve better scheduling system for improving control and more
organized practices in the construction industry
To develop new concepts & techniques for managing the construction
projects
AIM
METHODOLOGY


SCOPE
Study will be focused on the commercial projects in India and all
the results will be based upon the studies made exclusively to this
projects hypothetically.
Study research
works on EVM,
Risk Analysis and
Lean Principles
Identify the
benefits and
limitations of the
same
Demonstrate the
method by
applying it to a
case study
project
Analyse and
comparative
study using
Computational
Aids.
Bring out the
benefits,
limitations, future
scope and
recommendation
from the study.
Previous Thesis and Seminar Papers from BEM Department

Vaibhav Bawaniya, Seminar, Last Planner System in AEC Industry 2014
Sameer Warsi, Seminar, Lean Production Control: Last Planner System2013
Pushpendra Kumar, Schedule Management with Earned Schedule
Management2014

Standards and Guidelines
PMBOK

Published Books , Journals and Papers

Marshall, Robert. The Contribution of Earned Value Management to Project
Success of Contracted Efforts. Journal of Contract Management, 2007
"New federal contracting rules can help or hurt, says former contracting
officer. Huntsville Times. 23 September 2011
Sumara, Jim; John Goodpasture (1997-09-29). "Earned Value -- The Next
Generation -- A Practical Application for Commercial Projects"
LITERATURE REVIEW

Aims, objectives, Scope of the seminar
Literature Review - Published works ,Unpublished works , Journals, Websites
Earned Value Management and its implementation techniques on construction projects
Risk Management techniques
Lean principles and techniques for improving productivity

Live Case study
Result and Recommendations
STRUCTURE OF THE SEMINAR