• Time Value of Money in Construction Projects

    Time Value of Money in Construction Projects

    Construction management seeks to optimize the time, cost and quality of projects by increasing the profitability and value of improvements for stakeholders. Financial analysis, utilizing earned value management, aids in decision making by predicting budget and duration. Cash flow modeling that includes risk distribution through a holistic approach will increase the accuracy of these projection.…

  • Earned Value Management in Construction Cost Analysis

    Earned Value Management in Construction Cost Analysis

    Earned value management measures project performance based on scope, schedule and cost. Utilization of these methods improves planning, tracks progress, and mitigates risks. Analysis of planned value, actual cost, and earned value provide key indicators in estimating budget, duration and probability of success. These tools offer greater cost control, assess and predict performance, help achieve…