Abstract:
Project management is the act of planning, organizing, motivating and controlling resources
of time and cost to achieve specific goals known as the scope of the project. Earned value
management (EVM) or earned value project/performance management (EVPM) is a project
management technique that measures project progress and performance in an objective
manner and provides an accurate forecast of any project performance problem. To
practically demonstrate the effectiveness of EVM on manufacturing, a survey is created. The
aim of this work is to show how effective EVM can be applied to the Malaysian
manufacturing sector. The model is a more abstract way of schematizing a method, thus this
approach may be extended to solve similar problems in other fields. The theory is a
formalized model that is both generalizable and predictive and can thus be used
prescriptively to other industries.
