PROJECT PERFORMANCE IN REAL TIME CONSTRUCTION INDUSTRY - A CASE STUDY

Construction project involves risk and it is complex in nature. The Complexity of project may increase Cost and time of the project. Even a small construction project involves many activities starting from land acquisition ending with finishing and handing over the project to end user. Thus, commitment between customer and Contractor/ Client/ Developer plays important role. For timely completion of project, construction project Planning, Scheduling and controlling of activities from commencement stage up to completion stage is essential. Hence reduction in Cost Overruns and Schedule Overruns can be observed only if proper Planning and Controlling of project is carried out. This paper aims at Planning, Scheduling and Tracking a real time eighteen storey luxury apartment construction project. The tracking was carried out for seven months to observe the pattern of construction project and Earned value management (EVM) was carried out to measure the performance and efficiency of the project. The result of Cost performance Index (CPI) and Schedule Performance Index (SPI) was obtained. The MS Project software tool also simulated the project's Budget at Completion (BAC) and Variance at Completion (VAC). The results obtained from simulation helps project manager in controlling the cost and avoiding the delay of the project