Earned Value Management (EVM) is one of the best method to track the progress of a construction project. It takes into account both the time and the cost factors to evaluate its performance and forecast its completion time and cost. This paper discusses about how Earned Value Analysis (EMA) is introduced to a residential construction project. It calculates the performance in cost and schedule and pin points areas where improvements have to be made. It is predicted that if corrective actions are

more »

... not made as per the current situation, the project will get delayed by 17 days and also that the contractor is estimated to make an additional profit of over six lakhs than what was originally planned.