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    Research Methodology

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    Tanvi Rane
    The document outlines the research methodology used for a thesis project assessing the earned value of two residential construction projects in India. The methodology included progressively monitoring the projects over several days to collect schedule and cost data, which was then used to calculate earned value parameters. Both qualitative interviews and quantitative literature review were conducted as part of the methodology. The earned value technique was used to provide cost and schedule performance measurements by comparing planned cost and schedule against actual results.

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    Research Methodology

    Uploaded by

    Tanvi Rane
    31 views6 pages
    The document outlines the research methodology used for a thesis project assessing the earned value of two residential construction projects in India. The methodology included progressively monitoring the projects over several days to collect schedule and cost data, which was then used to calculate earned value parameters. Both qualitative interviews and quantitative literature review were conducted as part of the methodology. The earned value technique was used to provide cost and schedule performance measurements by comparing planned cost and schedule against actual results.

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    The document outlines the research methodology used for a thesis project assessing the earned value of two residential construction projects in India. The methodology included progressively monitoring the projects over several days to collect schedule and cost data, which was then used to calculate earned value parameters. Both qualitative interviews and quantitative literature review were conducted as part of the methodology. The earned value technique was used to provide cost and schedule performance measurements by comparing planned cost and schedule against actual results.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    31 views6 pages

    Research Methodology

    Uploaded by

    Tanvi Rane
    The document outlines the research methodology used for a thesis project assessing the earned value of two residential construction projects in India. The methodology included progressively monitoring the projects over several days to collect schedule and cost data, which was then used to calculate earned value parameters. Both qualitative interviews and quantitative literature review were conducted as part of the methodology. The earned value technique was used to provide cost and schedule performance measurements by comparing planned cost and schedule against actual results.

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    © All Rights Reserved
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    of 6

    CHAPTER 3

    RESEARCH METHODOLOGY

    3.1 General

    In this chapter we present our research methodology,

    The main objective of our thesis to assess the earned value of a residential project located in two
    different cities one is in Kharghar, Navi Mumbai and one is in mahalunge village next to
    balewadi stadium, Pune.

    The details of the project are as follows

    1. Skybay By saarrthi developers

    2. by adhiraaj constructions/ developers

    1. Skybay by saarrthi developers, Pune

    General information

    Location -Mahaluge, near balewadi Stadium pune.

    Area of project – 12 acres consisting of 6 towers

    Cost of C and D tower – 65 crores

    Total area of C and D tower – 2,50,000 sq.ft

    Both the towers are of 17 floors plus two podium parkings.


    Fig no 2 – project layout of skybay project (source: www.saarrthi.com)

    2. Adhiraaj constructions

    2. Capital city project byAdhiraaj constructions

    Location -Navi Mumbai- kharghar

    Cost of project- 167 crores

    Other specs G + 2 podiums+ 54 typical floors

    We have progressively monitored both the project independently for several days from
    that we collected the data related to schedule and cost and further we calculated earned value
    parameters for both the projects shown in following tables.

    Successful project management demands that the project meets technical objectives and
    to be completed on schedule and within budget. To ensure success, a well-organized project
    control system must be designed, developed, and implemented to provide management with
    timely and accurate feedback on actual usage of resources for comparison to target objectives
    which were established during the planning cycle. Tight project controls are necessary to
    provide early identification of potential schedule slippage and budget overruns.
    Every project, by nature, is unique and should have a custom designed project control system.
    Effective project control consists of the systematic application of a combination of project
    management techniques which are determined by resource constraints and schedule
    complexities. The system employed must enable management to make informed decisions
    regarding reallocation of project resources and schedule adjustments based on current project
    status.
    Earned Value is a project control technique which provides cost and schedule performance
    measurements. It compares actual accomplishment of scheduled work and associated cost against
    an integrated schedule and budget plan. The earned value technique introduces quantitative
    measure for the Budgeted Cost of Work Performed (BCWP) by crediting budgeted dollars to
    scheduled work as it is performed. BCWP is a function of time, cost, and work and provides a
    common link between the project budget and schedule. A technique often used for cost control is
    simply plotting the Budgeted Cost of Work Scheduled (BCWS) on a graph with the Actual Cost
    of Work Performed (ACWP). This is misleading in that a comparison of points on each curve at
    a given time does not take into consideration the actual amount of work accomplished. If the
    project is ahead of schedule, the graph may obscure this by showing actual cost overrunning
    budget when in reality ACWP may be underrunning the budget for the work performed. If the
    project is behind schedule, the graph may show actual cost underrunning the budget when the
    ACWP may be overrunning the budget for the work performed. The earned value technique
    compares BCWP against ACWP to determine cost variance. The value for BCWP is also used
    for comparison against the BCWS to complement the schedule control system. It is difficult to
    determine if a project as a whole is on schedule when a time line is placed on a schedule where
    some activities are ahead and some are behind. The earned value technique provides a means to
    combine the schedule variance of individual activities in order to assess the magnitude of
    schedule variance for the entire project. Proper development of the earned value technique forces
    project planners to synchronize resource requirements and schedules at low levels of the total
    work effort. Each functional group to be monitored should have a separate cost account for each
    type of work to be performed. BCWP should be determined at this level. The roll-up of BCWP
    by type of work and by specific functional groups can provide management with project
    performance information at any level of the Work Breakdown Structure (WBS) and for any level
    of the project Organization Breakdown Structure (OBS).
    The utility and reliability of an earned value reporting system is directly dependent on the
    accuracy of project planning and proper data collection for ongoing work. A well-defined and
    structured project plan should provide the framework for data collection. Initial project planning
    begins with a master schedule which shows the work to be performed at a high level.
    Additionally, a WBS must be developed which depicts the principle products and proposed
    services to be furnished by the project. The WBS serves as a tool from which the scope of work
    can be logically subdivided into major and minor tasks from the top down.
    Thereby, the WBS establishes the framework for relating budgets and schedules. As the WBS is
    defined at lower levels and the schedule is broken down to identify low level activities, dollar
    figures should be associated with the work effort at levels appropriate for cost control.
    Contract requirements generally define minimum scheduling and reporting requirements. Within
    these bounds, the contractor may adopt a project control system which best satisfies internal
    reporting needs. After the WBS and master schedule are defined, cost accounts must be
    identified which represent management control points where cost will be collected and
    supporting schedules will be monitored. In order to take full advantage of the earned value
    technique, management control points should identify low level activities where the majority of
    work will be performed by one functional group or subcontractor. A functional group is defined
    as those performing entities for which management wants to monitor cost and schedule
    performance.

    1.1 METHODOLOGY
    The design methodology will progress in –

     Thoroughly study the background and theory of naturopathy and the requirement
    Associated with design.
     Analysis the case study to understand the space requirements.
     Study literature to decide architectural interventions and scope.
     Understand and explore the site features and restrictions site analysis to reveal the
    requirements of the site for finalizing design program.

    Research Methodology

    The research methodology of this thesis project was based on both a qualitative interview study
    and
    quantitative literature study. Because of the limited time there was not room for a large number
    of

    interviews, therefore only a few interviews were conducted. From the literature study empirical

    evidence has been used to produce a partial solution to the question at issue. This solution was
    then

    applied to a problem for testing purposes.

    The interview study was done as a request by Combitech AB and it provided us with qualitative

    information in the area of Information Security.

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