Using Earned Value Management and Value Engineering tools to enhance system’s productivity, A proposed Framework.
Sobh, A., Darwish, S., Etman, M., Elfar, A. (2024). Using Earned Value Management and Value Engineering tools to enhance system’s productivity, A proposed Framework.. EKB Journal Management System, 183(4), 1-23. doi: 10.21608/erj.2024.307868.1080
Arafa Sobh; Shaimaa Darwish; Mohamed Etman; Abdullah Elfar. "Using Earned Value Management and Value Engineering tools to enhance system’s productivity, A proposed Framework.". EKB Journal Management System, 183, 4, 2024, 1-23. doi: 10.21608/erj.2024.307868.1080
Sobh, A., Darwish, S., Etman, M., Elfar, A. (2024). 'Using Earned Value Management and Value Engineering tools to enhance system’s productivity, A proposed Framework.', EKB Journal Management System, 183(4), pp. 1-23. doi: 10.21608/erj.2024.307868.1080
Sobh, A., Darwish, S., Etman, M., Elfar, A. Using Earned Value Management and Value Engineering tools to enhance system’s productivity, A proposed Framework.. EKB Journal Management System, 2024; 183(4): 1-23. doi: 10.21608/erj.2024.307868.1080

Using Earned Value Management and Value Engineering tools to enhance system’s productivity, A proposed Framework.

Engineering Research Journal
Article 1, Volume 183, Issue 4, December 2024, Page 1-23  XML PDF (407.03 K)
Document Type: Original Article
DOI: 10.21608/erj.2024.307868.1080
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Authors
Arafa Sobh1; Shaimaa Darwish email 2; Mohamed Etman3; Abdullah Elfar4
1Industrial Engineering Program, Engineering of Applied Science, Nile University
2Industrial Engineering, Helwan Faculty of Engineering, Helwan university, Helwan, Egypt
3Mechanical Engineering Department, Faculty of Engineering, Helwan University, Cairo, Egypt
4Department of Industrial Engineering, Imam Mohammad Ibn Saud Islamic University (IMSIU)
Abstract
Abstract
In today’s highly competitive business landscape, enhancing productivity and optimizing resource allocation are critical for a firm’s success. This paper presents a comprehensive framework that uses Earned Value Management (EVM) and Value Engineering (VE) to achieve these goals. The proposed framework consists of five key phases: Initiation and Planning, Value Engineering Analysis, Implementation of EVM, Monitoring and Control, and Continuous Improvement. By creating constructive collaboration between EVM’s data-driven insights and VE’s innovative approaches, the framework aims to maximize project efficiency, reduce costs, and enhance overall productivity. This comprehensive approach not only ensures that projects are completed on time and within budget but also fosters a culture of continuous improvement, positioning firms for sustained success in a dynamic market environment. The proposed framework enabled us to achieve enhancements in productivity costs ranging from 66% to 90%; moreover, we achieved total working man-hour savings ranging from 33% to 88.7% across different disciplines.
Keywords
Keywords: Earned Value Management; Earned Value; Value Engineering; Value Management
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