BS in Construction Management
Construction Management Department
At California Polytechnic State University, in the Construction Management Department there is a need for a lesson plan which teaches students the concepts of earned value analysis as it applies to construction projects. As many construction management students from Cal Poly go into industry and take part in complex projects, it will be beneficial to understand project management tools such as earned value. Earned value analysis focuses on two critical components, time and money and how they relate to each other and compare to the original estimate throughout the duration of a project. Comparing the estimated values to actual values during construction provides variables to calculate the schedule performance index and cost performance index. These indexes give an accurate estimate as to if the project is ahead or behind schedule and over or under budget. Understanding how to calculate these values will allow for timely action by the project team to keep projects on schedule and on budget.