Research Article
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Practices and Future of Earned Value Management: Insights from Turkey

Year 2020, Volume: 15 Issue: 59, 426 - 443, 31.07.2020
https://doi.org/10.19168/jyasar.579892

Abstract

This paper examines the Earned Value Management (EVM)
practices in Turkey. The authors identify the factors affecting the awareness
and implementation of the methodology and derive implications for its future
use. A comprehensive questionnaire was designed and semi structured interviews
were conducted with experienced managers from several industries. This study is
original in the sense that it brings an in depth analysis on the factors
affecting the acceptance and frequency of use of EVM in Turkey. The authors
report that the industry, project management experience, role in projects and
the use of project management software are the factors that affect EVM
awareness. Regarding the implementation, the authors observe that respondents
who work in defense and production sectors are more likely to use EVM.
Companies that are using lump-sum and unit price projects are more likely to
use EVM while companies that are using in-house projects are less likely.

Thanks

The authors would like to thank for the support of the Science Academy’s Young Scientist Awards Program (BAGEP).

References

  • Abdi, Abdollah, Sharareh Taghipour, and Homayoun Khamooshi. "A model to control environmental performance of project execution process based on greenhouse gas emissions using earned value management." International Journal of Project Management 36, no. 3 (2018): 397-413.
  • Abdul-Rahman, Hamzah, Chen Wang, and Norjuma'ah Binti Muhammad. "Project performance monitoring methods used in Malaysia and perspectives of introducing EVA as a standard approach." journal of civil engineering and management 17, no. 3 (2011): 445-455.
  • Anbari, Frank T. "Earned value project management method and extensions." Project management journal 34, no. 4 (2003): 12-23.
  • Batselier, Jordy, and Mario Vanhoucke. "Construction and evaluation framework for a real-life project database." International Journal of Project Management 33, no. 3 (2015): 697-710.
  • Bryde, David, Christine Unterhitzenberger, and Roger Joby. "Conditions of success for earned value analysis in projects." International Journal of Project Management 36, no. 3 (2018): 474-484.
  • Caron, Franco, Fabrizio Ruggeri, and Alessandro Merli. "A Bayesian approach to improve estimate at completion in earned value management." Project Management Journal 44, no. 1 (2013): 3-16.
  • Christensen, David S. "The costs and benefits of the earned value management process." Journal of Parametrics 18, no. 2 (1998): 1-16.
  • Efe, Pinar, and Onur Demirörs. "Applying EVM in a software company: benefits and difficulties." In 2013 39th Euromicro Conference on Software Engineering and Advanced Applications, pp. 333-340. IEEE, 2013.
  • Fleming, Quentin W., and Joel M. Koppelman. "Earned value project management." Project Management Institute, 2016.
  • Hazır, Öncü. "A review of analytical models, approaches and decision support tools in project monitoring and control." International Journal of Project Management 33, no. 4 (2015): 808-815.
  • Hazır, Ö., and A. Shtub. "Effects of the information presentation format on project control." Journal of the Operational Research Society 62, no. 12 (2011): 2157-2161.
  • Khamooshi, Homayoun, and Hamed Golafshani. "EDM: Earned Duration Management, a new approach to schedule performance management and measurement." International Journal of Project Management 32, no. 6 (2014): 1019-1041.
  • Kerkhove, L-P., and Mario Vanhoucke. "Extensions of earned value management: Using the earned incentive metric to improve signal quality." International Journal of Project Management 35, no. 2 (2017): 148-168.
  • Kim, Byung-Cheol, and Jeffrey K. Pinto. "What CPI= 0.85 Really Means: A Probabilistic Extension of the Estimate at Completion." Journal of Management in Engineering 35, no. 2 (2018): 04018059.
  • Kim, Chang-Won, Wi Sung Yoo, Hyunsu Lim, Ilhan Yu, Hunhee Cho, and Kyung-In Kang. "Early-warning performance monitoring system (EPMS) using the business information of a project." International Journal of Project Management 36, no. 5 (2018): 730-743.
  • Kim, EunHong, William G. Wells Jr, and Michael R. Duffey. "A model for effective implementation of Earned Value Management methodology." International Journal of Project Management 21, no. 5 (2003): 375-382.
  • Kwak, Young Hoon, and Frank T. Anbari. "History, practices, and future of earned value management in government: Perspectives from NASA." Project Management Journal 43, no. 1 (2012): 77-90.
  • Lipke, Walt, Ofer Zwikael, Kym Henderson, and Frank Anbari. "Prediction of project outcome: The application of statistical methods to earned value management and earned schedule performance indexes." International journal of project management 27, no. 4 (2009): 400-407.
  • Morad, Mohamed, and Sameh M. El-Sayegh. "Use of Earned Value Management in the UAE Construction Industry." In 2016 International Conference on Industrial Engineering, Management Science and Application (ICIMSA), pp. 1-5. IEEE, 2016.
  • Narbaev, Timur, and Alberto De Marco. "An earned schedule-based regression model to improve cost estimate at completion." International Journal of Project Management 32, no. 6 (2014): 1007-1018.
  • Netto, Joaquim Teixeira, Osvaldo Quelhas, Sérgio França, Marcelo Meiriño, and Valdir Lameira. "Performance Monitoring Using EVM Indicator: a study case of construction projects in the public sector in Brazil." Sistemas & Gestão 10, no. 1 (2015): 194-202.
  • Nkiwane, Ntokozo H., Werner G. Meyer, and Herman Steyn. "The use of Earned Value Management for initiating directive project control decisions: A case study." South African Journal of Industrial Engineering 27, no. 1 (2016): 192-203.
  • Olawale, Yakubu, and Ming Sun. "Construction project control in the UK: Current practice, existing problems and recommendations for future improvement." International journal of project management 33, no. 3 (2015): 623-637.
  • Pajares, Javier, and Adolfo Lopez-Paredes. "An extension of the EVM analysis for project monitoring: The Cost Control Index and the Schedule Control Index." International Journal of Project Management 29, no. 5 (2011): 615-621.
  • Picornell, Miguel, Eugenio Pellicer, Cristina Torres-Machí, and Monty Sutrisna. "Implementation of earned value management in unit-price payment contracts." Journal of Management in Engineering 33, no. 3 (2016): 06016001.
  • Shtub, Avraham, and Shlomo Globerson. Project management: Processes, methodologies, and economics. (New International Edition).” New York: Prentice Hall. 2014.
  • Vandevoorde, Stephan, and Mario Vanhoucke. "A comparison of different project duration forecasting methods using earned value metrics." International journal of project management24, no. 4 (2006): 289-302.
  • Vanhoucke, Mario. Measuring time: Improving project performance using earned value management. Vol. 136. Springer Science & Business Media, 2009.Vanhoucke, Mario. "Measuring the efficiency of project control using fictitious and empirical project data." International journal of project management 30, no. 2 (2012): 252-263.
  • Willems, Laura L., and Mario Vanhoucke. "Classification of articles and journals on project control and earned value management." International Journal of Project Management33, no. 7 (2015): 1610-1634.
  • Artun B. (1998). Implementation of Earned Value Concept in Turkish Construction Industry. Thesis submitted to Mimar Sinan University, Turkey.
  • Duran, Z. (2016). Bir proje performans ölçüm sistemi olarak kazanılmış değer analizi ve bir araştırma (Master's thesis, Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü).
  • Gürbüzer A (2010) Method of earned value which is applied to a shipyard project, Thesis submitted to Gebze Technical University, Turkey.

Kazanılmış Değer Yönetimi Uygulamaları ve Geleceği: Türkiye Örneği

Year 2020, Volume: 15 Issue: 59, 426 - 443, 31.07.2020
https://doi.org/10.19168/jyasar.579892

Abstract

Bu makale, Türkiye'de Kazanılmış
Değer Yönetimi (KDY) uygulamalarını incelemektedir. Yazarlar, KDY
farkındalığını ve uygulamasını etkileyen faktörleri tanımlamakta ve gelecekteki
kullanımı için sonuçları ortaya çıkarmaktadır. Kapsamlı bir anket hazırlanmış
ve çeşitli sektörlerden deneyimli yöneticilerle yarı yapılandırılmış görüşmeler
yapılmıştır. Bu çalışma, Türkiye'de KDY kullanımının kabulünü ve sıklığını etkileyen
faktörler hakkında derinlemesine bir analiz getirmesi bakımından orijinaldir.
Yazarlar, şirketin yer aldığı sektörün, proje yönetimi deneyiminin,
projelerdeki rolünün ve proje yönetimi yazılımı kullanımının KDY farkındalığını  etkilediğini raporlamaktadır. Uygulama ile
ilgili olarak, savunma ve üretim sektörlerinde çalışanların KDY kullanma
olasılıklarının daha yüksek olduğu gözlemlenmektedir. Götürü bedel ve birim
fiyat projelerini kullanan şirketlerin KDY'yi kullanma olasılıkları daha
yüksek, şirket içi projeleri kullanan şirketlerin ise daha düşüktür.

References

  • Abdi, Abdollah, Sharareh Taghipour, and Homayoun Khamooshi. "A model to control environmental performance of project execution process based on greenhouse gas emissions using earned value management." International Journal of Project Management 36, no. 3 (2018): 397-413.
  • Abdul-Rahman, Hamzah, Chen Wang, and Norjuma'ah Binti Muhammad. "Project performance monitoring methods used in Malaysia and perspectives of introducing EVA as a standard approach." journal of civil engineering and management 17, no. 3 (2011): 445-455.
  • Anbari, Frank T. "Earned value project management method and extensions." Project management journal 34, no. 4 (2003): 12-23.
  • Batselier, Jordy, and Mario Vanhoucke. "Construction and evaluation framework for a real-life project database." International Journal of Project Management 33, no. 3 (2015): 697-710.
  • Bryde, David, Christine Unterhitzenberger, and Roger Joby. "Conditions of success for earned value analysis in projects." International Journal of Project Management 36, no. 3 (2018): 474-484.
  • Caron, Franco, Fabrizio Ruggeri, and Alessandro Merli. "A Bayesian approach to improve estimate at completion in earned value management." Project Management Journal 44, no. 1 (2013): 3-16.
  • Christensen, David S. "The costs and benefits of the earned value management process." Journal of Parametrics 18, no. 2 (1998): 1-16.
  • Efe, Pinar, and Onur Demirörs. "Applying EVM in a software company: benefits and difficulties." In 2013 39th Euromicro Conference on Software Engineering and Advanced Applications, pp. 333-340. IEEE, 2013.
  • Fleming, Quentin W., and Joel M. Koppelman. "Earned value project management." Project Management Institute, 2016.
  • Hazır, Öncü. "A review of analytical models, approaches and decision support tools in project monitoring and control." International Journal of Project Management 33, no. 4 (2015): 808-815.
  • Hazır, Ö., and A. Shtub. "Effects of the information presentation format on project control." Journal of the Operational Research Society 62, no. 12 (2011): 2157-2161.
  • Khamooshi, Homayoun, and Hamed Golafshani. "EDM: Earned Duration Management, a new approach to schedule performance management and measurement." International Journal of Project Management 32, no. 6 (2014): 1019-1041.
  • Kerkhove, L-P., and Mario Vanhoucke. "Extensions of earned value management: Using the earned incentive metric to improve signal quality." International Journal of Project Management 35, no. 2 (2017): 148-168.
  • Kim, Byung-Cheol, and Jeffrey K. Pinto. "What CPI= 0.85 Really Means: A Probabilistic Extension of the Estimate at Completion." Journal of Management in Engineering 35, no. 2 (2018): 04018059.
  • Kim, Chang-Won, Wi Sung Yoo, Hyunsu Lim, Ilhan Yu, Hunhee Cho, and Kyung-In Kang. "Early-warning performance monitoring system (EPMS) using the business information of a project." International Journal of Project Management 36, no. 5 (2018): 730-743.
  • Kim, EunHong, William G. Wells Jr, and Michael R. Duffey. "A model for effective implementation of Earned Value Management methodology." International Journal of Project Management 21, no. 5 (2003): 375-382.
  • Kwak, Young Hoon, and Frank T. Anbari. "History, practices, and future of earned value management in government: Perspectives from NASA." Project Management Journal 43, no. 1 (2012): 77-90.
  • Lipke, Walt, Ofer Zwikael, Kym Henderson, and Frank Anbari. "Prediction of project outcome: The application of statistical methods to earned value management and earned schedule performance indexes." International journal of project management 27, no. 4 (2009): 400-407.
  • Morad, Mohamed, and Sameh M. El-Sayegh. "Use of Earned Value Management in the UAE Construction Industry." In 2016 International Conference on Industrial Engineering, Management Science and Application (ICIMSA), pp. 1-5. IEEE, 2016.
  • Narbaev, Timur, and Alberto De Marco. "An earned schedule-based regression model to improve cost estimate at completion." International Journal of Project Management 32, no. 6 (2014): 1007-1018.
  • Netto, Joaquim Teixeira, Osvaldo Quelhas, Sérgio França, Marcelo Meiriño, and Valdir Lameira. "Performance Monitoring Using EVM Indicator: a study case of construction projects in the public sector in Brazil." Sistemas & Gestão 10, no. 1 (2015): 194-202.
  • Nkiwane, Ntokozo H., Werner G. Meyer, and Herman Steyn. "The use of Earned Value Management for initiating directive project control decisions: A case study." South African Journal of Industrial Engineering 27, no. 1 (2016): 192-203.
  • Olawale, Yakubu, and Ming Sun. "Construction project control in the UK: Current practice, existing problems and recommendations for future improvement." International journal of project management 33, no. 3 (2015): 623-637.
  • Pajares, Javier, and Adolfo Lopez-Paredes. "An extension of the EVM analysis for project monitoring: The Cost Control Index and the Schedule Control Index." International Journal of Project Management 29, no. 5 (2011): 615-621.
  • Picornell, Miguel, Eugenio Pellicer, Cristina Torres-Machí, and Monty Sutrisna. "Implementation of earned value management in unit-price payment contracts." Journal of Management in Engineering 33, no. 3 (2016): 06016001.
  • Shtub, Avraham, and Shlomo Globerson. Project management: Processes, methodologies, and economics. (New International Edition).” New York: Prentice Hall. 2014.
  • Vandevoorde, Stephan, and Mario Vanhoucke. "A comparison of different project duration forecasting methods using earned value metrics." International journal of project management24, no. 4 (2006): 289-302.
  • Vanhoucke, Mario. Measuring time: Improving project performance using earned value management. Vol. 136. Springer Science & Business Media, 2009.Vanhoucke, Mario. "Measuring the efficiency of project control using fictitious and empirical project data." International journal of project management 30, no. 2 (2012): 252-263.
  • Willems, Laura L., and Mario Vanhoucke. "Classification of articles and journals on project control and earned value management." International Journal of Project Management33, no. 7 (2015): 1610-1634.
  • Artun B. (1998). Implementation of Earned Value Concept in Turkish Construction Industry. Thesis submitted to Mimar Sinan University, Turkey.
  • Duran, Z. (2016). Bir proje performans ölçüm sistemi olarak kazanılmış değer analizi ve bir araştırma (Master's thesis, Pamukkale Üniversitesi Sosyal Bilimler Enstitüsü).
  • Gürbüzer A (2010) Method of earned value which is applied to a shipyard project, Thesis submitted to Gebze Technical University, Turkey.

Details

Primary Language English
Journal Section Articles
Authors

Öncü HAZIR This is me

Nil ÖZDAMAR This is me

Burze YAŞAR

Işıl Sevilay YILMAZ

Publication Date July 31, 2020
Published in Issue Year 2020 Volume: 15 Issue: 59

Cite

APA HAZIR, Ö., ÖZDAMAR, N., YAŞAR, B., YILMAZ, I. S. (2020). Practices and Future of Earned Value Management: Insights from Turkey. Yaşar Üniversitesi E-Dergisi, 15(59), 426-443. https://doi.org/10.19168/jyasar.579892
AMA HAZIR Ö, ÖZDAMAR N, YAŞAR B, YILMAZ IS. Practices and Future of Earned Value Management: Insights from Turkey. Yaşar Üniversitesi E-Dergisi. July 2020;15(59):426-443. doi:10.19168/jyasar.579892
Chicago HAZIR, Öncü, Nil ÖZDAMAR, Burze YAŞAR, and Işıl Sevilay YILMAZ. “Practices and Future of Earned Value Management: Insights from Turkey”. Yaşar Üniversitesi E-Dergisi 15, no. 59 (July 2020): 426-43. https://doi.org/10.19168/jyasar.579892.
EndNote HAZIR Ö, ÖZDAMAR N, YAŞAR B, YILMAZ IS (July 1, 2020) Practices and Future of Earned Value Management: Insights from Turkey. Yaşar Üniversitesi E-Dergisi 15 59 426–443.
IEEE Ö. HAZIR, N. ÖZDAMAR, B. YAŞAR, and I. S. YILMAZ, “Practices and Future of Earned Value Management: Insights from Turkey”, Yaşar Üniversitesi E-Dergisi, vol. 15, no. 59, pp. 426–443, 2020, doi: 10.19168/jyasar.579892.
ISNAD HAZIR, Öncü et al. “Practices and Future of Earned Value Management: Insights from Turkey”. Yaşar Üniversitesi E-Dergisi 15/59 (July 2020), 426-443. https://doi.org/10.19168/jyasar.579892.
JAMA HAZIR Ö, ÖZDAMAR N, YAŞAR B, YILMAZ IS. Practices and Future of Earned Value Management: Insights from Turkey. Yaşar Üniversitesi E-Dergisi. 2020;15:426–443.
MLA HAZIR, Öncü et al. “Practices and Future of Earned Value Management: Insights from Turkey”. Yaşar Üniversitesi E-Dergisi, vol. 15, no. 59, 2020, pp. 426-43, doi:10.19168/jyasar.579892.
Vancouver HAZIR Ö, ÖZDAMAR N, YAŞAR B, YILMAZ IS. Practices and Future of Earned Value Management: Insights from Turkey. Yaşar Üniversitesi E-Dergisi. 2020;15(59):426-43.