Analysis and application of earned value management to the Naval Construction Force

Abstract

This paper investigates the application of Earned Value Methodology to Naval Construction Force (NCF) projects. Earned Value Management integrates technical performance, cost, and schedule goals into a comprehensive analysis tool. A guide to the elements, metrics, and steps required in implementing an Earned Value Management System is provided from an extensive literature review on the subject matter. Application to the Naval Construction Force is made through comparison with existing project management fundamentals and sample project analysis. While these existing fundamentals include some of the basics components of earned value analysis, a full utilization of the analysis and forecasting techniques afforded by the earned value approach is not in place. Conclusions and recommendations for future research are presented.