Dr Tahir will be presenting a paper at the International Construction Conference in Kuala Lumpur Malaysia on the 5th to 6th June 2013.
Modifying the earned value concept in order to manage and control mega projects: a client perspective
Earned Value was developed by the US government in 1967. It was originally called C/SCSC (Cost and Schedule Control System Criteria) and allowed the integration of cost and time to control and manage projects. This paper will introduce a modified concept termed ‘Imperium’, which is based on the EV concept but has slightly modified formulae. This approach focuses on budget expenditure without having the need for accurate actual cost information. ‘Imperium’ helps clients to manage, control and understand project performance without having to resort to elaborate data systems or rely on information supplied by organisations involved in project delivery.