Challenges in adopting earned value management concept for contractors : a case study on Omron Healthcare Factory Project (phase2) at Viet Nam Singapore Industrial Park 2 Khang Hy Construction Company | |
| Author | Nguyen Thanh Tin |
| Call Number | AIT Proj. no.MPM-CM-14-03 |
| Subject(s) | Contractors--Vietnam Value analysis (Cost control)--Vietnam Construction industry--Vietnam--Management |
| Note | A Project submitted in partial fulfillment of the requirements for the degree of Master of Engineering (Professional) in Construction Engineering and Infrastructure Management, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Series Statement | Project ; no. MPM-CM-14-03 |
| Abstract | Construction industry is keeping growing up rapidly during the past decades in Asia and starting developing in Vietnam recently. Superstructures have been growing up and Vietnamese government’s open policies. To become a free market, Vietnam joined WTO in the year 2007, marked the desire of growing and receiving foreign direct investment (FDI). Unfortunately, the world economic crisisstarted from 2008 and affected a lot on FDI in Vietnam. Therefore, investors are now very keen on controlling investment budget, especially construction cost overrun and project delay. These factors will lead their whole project to failure. The Contractors, who are implementing construction projects, are the most important chains to lead the projects into delay in the supply chains.Delaying project could affect a lot to the investor but cost overrun will not only affect internally Contractors finance ability but also their brand name, especially fixed price lump sum contracts what most of private project in Vietnam are using. Thus, Contractors are now trying to build and apply the effective method to control cost and schedule. The best way to achieve this target is employing Earned Value Managementconcept. However, it is not easy for almost Vietnamese contractors to apply this method due to the lack of knowledge, the lack of experiences, and the lack of top management commitment, the limited of leadership ability, the current management system, the employee’s abilities and other external factors. |
| Year | 2014 |
| Corresponding Series Added Entry | Asian Institute of Technology. Project ; no. MPM-CM-14-03 |
| Type | Project |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Construction Engineering and Infrastructure Management (Professional Master) (MPM-CM) |
| Chairperson(s) | Chotchai Charoenngam; |
| Examination Committee(s) | Hadikusumo, Bonaventura H. W.;Santi Charoenpornpattana; |
| Degree | Project (M. Eng.) - Asian Institute of Technology, 2014 |