The Application Of Earned Value Management In Hydropower Projects

Based on a large sum of data and papers and theories about construction project management, the author of the paper combined the experience himself and the hydropower project management, systematically reviewed the basic principles in management and the basic content on the time limit and the cost in construction, and studied the earned value application in hydropower project from the aspect of the owner.The research findings of this paper are:1. Deeply analysis the characteristics and method of schedule management, discuss the basic factors that affect the schedule of hydropower project and the findings are if the schedule management is processed individually, the construction cost will increase and the productivity will decrease even if the schedule can be controlled effectively.2. Analysis and conclude the principal problems that affect the cost control of hydropower project.3. Study the methods of applying earned value in cost and schedule control from the aspect of the investor of the owner and build up the earned value models, and then propose the earned value deviation analytical method and application procedures. It also studies how to reflect the project health status of using schedule performance index and cost performance index.4. Combined with the specific construction example, this paper analysis the calculations and deviation proofed that earned value management is the effective way of schedule and cost control with the owner.In a word, applying the earned value principle in schedule and cost control can effectively monitor the disbursement in project management; assess the effect of the investment; balance the relationship of cost and schedule in order to avoid the blind and optional disbursement in the project.The further studies of the paper are:1. In the construction, the sub-project analysis by earned value method can be different if by month-method or by milestone-method because the sub-project construction is not a step by step progress.2. How to reduce the influence of unadjusted plan to the further construction on cost and schedule.3. How to reflect some of the price adjustments, these adjustments can affect the result of earned value calculation.