Earned Value Management System for Super Engineering Industries

This report presents a critical evaluation and implementation analysis of the Earned Value Management (EVM) system in manufacturing projects, focusing on a case study of Super Engineering Industries, an Indian supplier of farm machinery parts. The report begins with an overview of EVM, its core concepts, and its technological evolution, highlighting its importance in integrating project schedule, scope, and cost. It examines the company's current project management methods and the rationale for implementing EVM to enhance performance. The research aims to evaluate the strategies to overcome current limitations in the EVM technique, improve EVM to best suit Small to Medium Scale Manufacturing enterprises, and assess the credibility and future of EVM. The report includes the research aim, objectives, and questions, followed by a case study of Super Engineering Industries, detailing its operations, mission, and major clients. The report also outlines the dissertation structure, including the introduction, literature review, and methodology sections, and concludes with the research questions that explore strategies, improvements, credibility, and the future of EVM.

Research
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Title: “Critical Evaluation and Implementation of Earned Value Management
System in manufacturing projects”. The case of Super Engineering Industries.
INTRODUCTION
Overview & Background of research
Earned value management is determined as the effective technique of the project
management which provides supports in the integration of various elements like schedule, scope
and cost associated with the overall project performance (Chen, Chen and Lin, 2016). The
respective technique is highly dependent on core concept of assigning work and earning value.
Here, it can be said that each and every activity of the project is assigned with the value along
with the satisfactory budget with it. After the completion of the overall portion of the assigned
activity it can be said that the overall value of the project is acknowledged as the earned. With
the changing course of time the earned value management became highly technology oriented
that is software based earned value management system (Willems and Vanhoucke, 2015). The
updated version of this system mainly includes cost engine, an accounting system, scheduling
engine, reporting engine and others.
The present report is completely based on Super Engineering Industries an Indian supplier
company which located in Kochi Kerala and is headquartered in 1983. The respective company
is basically a supplier of farm machinery parts in India which offers higher quality products to its
clientele in detailed manner (Fleming and Koppelman, 2016). In this project Wheel rim is taken
as the most of important product of the chosen company on which overall project would be
developed. It will simply include detailed information on the overall detail related to the chosen
product as well as the project cost would be taken into consideration in the overall project. It has
also been analysed that the currently respective company was making use of traditional methods
of project but with now in order to improvise their performance and enhance proficiency of the
company the top management team of Super Engineering Industries emphasizes on
implementing Earned value management system (Osei-Kyei and Chan, 2015).
Incorporation of these methods will bring range of benefits for the company and also
contribute in attaining success in the quicker manner. It can be further said that incorporation of
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Earned value management system would definitely help the respective project manager of the
company in measuring the overall project performance (Batselier and Vanhoucke, 2015). Along
with this, it also provides support in forecasting project results by simply scheduling control and
monitoring overall project cost. In order to develop better understanding over Earned value
management system for Super Engineering Industries and its associated benefit benefits as well
as limitations, the respective manager of this company has planned to conduct a detailed
investigation on chosen subject area (Banihashemi and Sankaran, 2017). In this regard, the
investigator has developed most suitable research aim, objectives and questions which have been
specified afterwards. Also, the dissertation will later have a detailed in literature review section
on the chosen subject area that will ultimately contribute in drawing valid outcome at last in
appropriate form as it includes views and perception of different authors on the same topic. In
addition to this, furthermore research methodology section would be explained. The proposed
research aim, research objectives and research question for current study conducted on topic
“Critical Evaluation and Implementation of Earned Value Management System in manufacturing
projects.” are specified.
Rationale of research
The main purpose of conducting this investigation is the own interest area of investigator
over the chosen topic. By conducting this investigation researcher wants to upgrade his own
knowledge about the Earned value management system and how its implementation could bring
benefits for the companies (Ghaffari and Emsley, 2015). The developed study on the subject area
will allow Super Engineering Industries and its associated companies in knowing that how
effectively they can easily attain success with the implication of this system within the company.
Apart from this, it can be said that by conducting this research, investigator could easily be able
enhance their skills related to the research. It can be said that conducting an investigation is
consist of several activities which directly provides opportunity to the investigator develop their
own skills (Heagney 2016). With reference to the current investigation conducted on the subject
area “Critical Evaluation and Implementation of Earned Value Management System in
manufacturing projects.” investigator will be develop analytical skill, communication, interaction
skill, convincing, presentation, team working, conflict management and range of other skills that
ultimately provides support to the investigator in conducting more effective research in the future
whenever they will chance to conduct research again.
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Case study:
To proceed that project and for conducting the study researcher required to pick an
organisation to give background and practicality to the knowledge in order to remain competitive
in the marketplace. to acknowledge the Earned value management and its implementation system
in the manufacturing projects that is the milestone of the economy (Blaikie and Priest, 2019).
Respective research project based on the Indian manufacturing industries is the one of high
growth sector in the India and contributes potentially in the development of economy. The main
organisation to proceed the respective project includes the super engineering industries that is an
Indian manufacturing industry established in the Kochi market in 1983 for supplying the best
products and services to the end users. They deliver the parts of farm machinery for complacent
the demand of consumers in one of best manner. the main products of respective organisation
includes the pressure vessels, heat exchangers, shop fabricated shortage tanks, field storage
tanks, shop fabricated pipe spool, insulated lining ducts, skid mounted packages and heavy steel
structure and many more in order to satisfy the consumer needs and demand in potential
manner. the major clients of the respective organisation includes the Technip, Siemens, Essar
and Toshiba and many more that directly contribute in organisational development and in their
sustainability in potential manner. for an organisation its mission statement plays very much
important role that is “ To provide innovative, modern and sustainable kind of solutions for
their partners includes oil, gas and various process industries by promising best quality to
maintain international standards. To improve the consumers satisfaction level respective
organisation is very much concerned and for that they carry out the aim of super engineering
industry’ as a contractor and manufacturer in order to give one of best quality of products as per
the international standards by bringing continuous kinds of improvement occupy with hardship,
team work and coordination with the team to achieve the desirable outcomes in potential manner
(Coghlan, 2019). to supply the products and services to the end user required to strengthen the
logistics and supply chain to deliver one of best services to the end users. The logistic
department is capable to coordinate the Heavy equipment, structural steel and heavy capacity to
transport to GCC, Europe, Asia and Africa by using the road, sea or air. They providing their
services in the wide area of steel product requirements the large scale projects and world wide
exports to many more. The main objective of respective project is to evaluate and critique the
earned value management that assist managers to measure or examine the performance of project
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to modify in for achieving the potential outcomes. It is one of most systematic project process
used to find out the variances their projects based on the comparison of worked performance and
work planned for achieving the potential outcomes. In that regards it is very much potential for
an organisation to put attention on the earned value management. With the help of respective
subject matter every individual can be able to give one of their best efforts in organisational
development and enhancement in potential manner (Gauld, 2019). it directly contributes in the
completion of project by evaluating each and every aspect in careful manner by depicting the
aim and objective by specifying required skills to accomplish the objectives positively.
Research Aim:
The research aim for current study is to critical evaluate and implement of earned value
management system in manufacturing projects. A case study on Super Engineering
Industries.
Research objective
 To find the appropriate strategy to overcome current limitations in the earned value
management technique.
 To improve Earned value management to best suite Small to Medium Scale
Manufacturing enterprises.
 To evaluate the credibility of earned value management system by implementing those in
a Medium scaled conventional manufacturing project.
 To assess the future of Earned Value Management using the results obtained.
Research Questions
 What are the appropriate strategies to overcome current limitations in the earned value
management technique?
 How to improve Earned value management to best suite Small to Medium Scale
Manufacturing enterprises?
 What is the credibility of earned value management system by implementing those in a
Medium scaled conventional manufacturing project?
 What would be the future of Earned Value Management using the results obtained?
Dissertation structure:
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Dissertation or thesis is the one of most important document that is submitted from the
side of candidature for getting the academic degree or qualification by presenting the author’s
research and findings in potential manner. To craft the winning kind of thesis or dissertation it is
required to structure the dissertation structure for achieving the desirable goals and objectives.
To start the dissertation or thesis is required to introduce the attributes that a researcher depicts in
whole research and layout (Ghauri, Grønhaug and Strange, 2020). It should be very much strong
as it bind the readers to acknowledge about the whole project and get important information out
of it. In context of respective research that states the main objective that is critical evaluation of
earned value management in context of Indian manufacturing industries. To acknowledge about
respective subject required to provide detailed description in the intro section. In respective
project there are five section of introduction that detailed out whole information about the
research. The subheadings that include in the introduction are background of the subject and its
significance for the reader and organisation that create interest for readers (Gray, 2019). Further
it elaborates the rationale for conducting the study on respective subject that potentially given the
answers of questions such as what is earned value management, its significance for organisation,
its advantages and disadvantages and many more to build the strong background in order to
accomplish the desirable outcomes. The other subheadings includes the case study, objective and
research questions and finally dissertation structure that depict the full fledged information in
regards of Earned value management. By using the respective subheadings researcher should be
able to give detailed information by bifurcating into various headings. The next section is
literature review which is kind of review article that presents the current level of knowledge that
includes the substantive headings to represent the information. It depicts the information
regarding the various subjects that are strategies to overcome from the limitations of earned
value management. Further it involved the techniques to improve the earned value management
for small to medium enterprises and credibility of respective tool for the medium enterprises.
Finally it includes the future of earned value management by obtaining the desirable outcomes.
The another important part of the research project includes the methodology and methods that
helps to researcher to collect knowledge and information in order to achieve the desirable
outcomes. To achieve the full fledged information researcher bifurcate into differ sections that
includes the introduction that contained the full fledged information of the earned value
management and related various aspects to achieve the desirable outcomes. In further headings
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includes the philosophical assumptions that depicts the way data and information should be
accumulated to collect the potential knowledge and information on the respective subject. The
next section which consisted the research questions that is very important part of the whole
research with the help of questionnaire the researcher collected knowledge in regards of earned
value management for manufacturing industry in potential manner (Mays and Pope, 2020). the
another important subheading is ethics and bias that proved very much harmful in getting the
validate knowledge and information. To collect the ethical results researcher collect from the
various sources from the primary research tools and without plagiarism. In that regards the
potentiality of information enhances which is the primary objective of research and researcher.
The another significant section is limitation that should be eliminated as the as the interest of
readers relies on it. To collect potential knowledge and information it is necessary to consider all
the important attributes in mind and apply it in practical manner. The another important section
of the structure is results and discussions in which primary investigation takes place and data are
collected from the various sources that represents the results as it has been analyze that
potentiality of research data is huge (Quinlan And et.al., 2019). By using the rate of response the
research should collect the information that used for reaching the valid kind of conclusion.
Research Questions
 What are the appropriate strategies to overcome current limitations in the earned value
management technique?
 How to improve Earned value management to best suite Small to Medium Scale
Manufacturing enterprises?
 What is the credibility of earned value management system by implementing those in a
Medium scaled conventional manufacturing project?
 What would be the future of Earned Value Management using the results obtained?
With the help of respective questions researcher accumulate information that is very much
potential to reach at valid kind of conclusion in positive manner (Riffe And et.al., 2019). for a
researcher validity and reliability plays very much important role as without it the all efforts
proved vain. To achieve the validate outcomes necessary to collect information from the number
of sources and from large no. of candidate. To achieve the potential outcomes it is very potential
to avail the primary sources of information although they are costly but provide valid
information. The another subheading that is significant part of research methodology collect the
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data and information from the various sources and ultimately proved beneficial in taking
appropriate decisions. In that series by evaluating the challenges and limitations for obtaining the
definite goals and objectives. In respective research project with the help of questionnaire that
provide the series of questions in the related subject matter to collect information in potential
manner. the last section that is conclusion that plays very much important role in the building the
perception of the researcher for reaching at the valid outcome in potential manner (Smith, 2019).
in respective research project divided into the various subheadings that are research questions
conclusion that provides answers that majorly arise in mind of readers. Further it includes the
recommendations to improve the outcomes to remain competitive in the market place. The
another subheading that included in it is errors and limitations that should be eliminated at
maximum level. It also includes the study for further subject to improve the results and apply
major modifications in order to improve the outcomes.
Literature review
Methodology and Method
Introduction
Research methodology is determine as specific process or technique generally used for
the identifying, selecting, processing and analysing information or data about specific topic. In a
research paper, research methodology is section which allows the researcher or reader to
critically evaluate information, data or statistics for determining its validity as well as reliability
(Hoxmeier and Lenk, 2020). The effectiveness of research methodology is lies in the solving
several planning and operational problem as well as it help in decision making process which aid
in gaining desire outcome related to the topic. Research methodology complies of study of cause
and effective relationship among the various variables which help in determining behaviour/
pattern / trends in specific variables. In respect of respective research which is related to the
critical evaluation as well as implementation of Earned Value Management System in the
manufacturing project and this case is related to the Super Engineering Industry. For this project
manager adopt numbers of methods through which they can collect more and more reliable as
well as authenticate information related to research topic. That will include research philosophy,
qualitative method, quantitative method, primary method, secondary method and many more.
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These methods also help project manager in gathering appropriate, authenticate and reliable
information through which they can attain desire goal and outcome of research.
Research philosophy
Research philosophy is a conviction about the manner by which information about a
wonder ought to be assembled, examined and utilized. The term epistemology (what is known to
be valid) rather than doxology (what is accepted to be valid) includes the different ways of
thinking of research approach. In addition to this, it manages the source, nature and improvement
of knowledge. In basic terms, research philosophy is conviction about the manners by which
information about a wonder ought to be gathered, investigated and utilized. The investigation of
research philosophy causes us to upgrade our capacity to take care of issues, our relational
abilities, our convincing forces, and our composing aptitudes. There are different types of
research philosophy i.e. positivism, realism, pragmatism and interpretivism. The selection of
research philosophy is depending upon the research type and its requirement. In respect of
respective research Project manager is adopting interpretivism research philosophy because
according to that researcher able to gather more appropriate as well as authentication
information. This will also help researcher in interpreting outcome or situations in effective
manner according to which strategies and plan can be developed.
Research question
Research question is the kind of question that used by the researcher to give answers on
the specified subject matter to collect necessary knowledge and information by choosing
elements from the both qualitative and quantitative research tool (Small, Bakry and Ayyash,
2019). A very good research question helps to improve the knowledge of specific subject in
order to reach at valid kind of conclusion in potential manner. to acknowledge the information
various kinds of tools availed that includes population from which the knowledge accumulated.
With the help of questionnaire which is one of most important kind of tool in which series of
questions prepared to reach at valid kind of conclusion in potential manner. In context of
respective research with the help of questionnaire they can be able to collect the lots of questions
in one frame that helps to go forward in the definite direction in order to remain competitive in
marketplace (Liao and et. al., 2020). While conducting the research it is very much potential to
choose one of best tool to collect information with the help of Sampling is the subset of
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individuals that taken from the statistical population to getting characteristics of the whole
population in gaining desirable goals and objectives.
The another one of most important kind of tool that used by the researcher is deployment
plan of the project deliverables as it proved beneficial for organisation for setting the time bound
for activities that should be executed in the described time to achieve the potential goals and
objectives. In respective plan includes the supportive system, tracking of issues and roles of each
and every individual in getting the desirable outcomes in potential manner (Oztemel and Gursev,
2020). while conducting the research and development sort of limitations faced by the researcher
that hinders their self interest in gaining the desirable goals and objectives in potential manner. as
it evaluated that respondents not take interest in giving information and sometime researcher due
to lack of time and resources not able to accumulate necessary knowledge and information. In
that regards it is very much potential for a researcher to collect potential knowledge from the
various sources so that they can attain one of best outcomes that is primary aim of any research
in positive manner.
Questionnaire
Name –
Contact number –
E mail id –
Age –
Q1. Do you know about Earned Value Management system?
a) Yes
b) No
Q2. Is implementation of Earned Value Management System is effective for the Super
Engineering Industries?
a) Yes
b) No
Q3. What are the main elements of Earned Value Management?
a) Planned Value
b) Actual Cost
c) Earned Value
d) All of the above
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Q4. What are the benefits gains by Super Engineering Industries through Earned Value
Management?
a) Help in tracking work progress and budget line
b) Aid management in taking proactive steps
c) Help in running project effectively from others
d) All of the above
e) None of these
Q5. What are the disadvantages or limitation which Super Engineering Industries faced
due to Earned Value Management?
a) Not take quality into consideration
b) While doing prediction there is involvement of uncertain factors
c) Special software required
d) Time consuming system
e) All of the above
f) None of these
Q6. What are the appropriate strategies which Super Engineering Industries adopt for
overcoming current limitations in the earned value management technique?
a) Conduct proper evaluation of system requirement
b) Design software accordingly before implementing system
c) Track time and plan accordingly
d) All of the above
e) None of these
Q7. What are the ways adopted for improve Earned value management to best suite Small
to Medium Scale Manufacturing enterprises?
a) Conduct proper calculation of EVA terminology
b) Adopt progressing techniques
c) Forecast data using earned value
d) Plan earned value work
e) All of the above
Q8. What is the credibility of earned value management system by implementing those in a
Medium scaled conventional manufacturing project?
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a) It help medium business in determining amount of work actually completed
b) Determining gap among the project baseline and actual performance
c) Include SPI and CPI which help in determining current status of project
d) Earned Value Management system is flexible in nature
e) All of the Above
Q9. What would be the future of Earned Value Management using the results obtained?
a) Effective accomplishment of project
b) Gap among project baseline and actual performance can be minimise
c) Get actual amount which are done
d) All of the above
e) None of these
Q10. Do you want to provide any suggestions for the improvement...........................................
........................................................................................................................................................ .
Validity and Reliability
Validity and reliability is one of most important kind of concept that helps to evaluate the
quality of the research that matters a lot for the researcher to remain always competitive in the
marketplace. The validity and reliability of information shows the how well the method,
technique and measures proved beneficial for measuring the results in potential manner (Small,
Bakry and Ayyash, 2019). It is very much important for the researcher to take care of reliability
and authenticity while planning for methods and writing the results majorly in the quantitative
method to reach at valid kind of conclusion.
In context of respective research the validity and reliability of information should be
consider one of most important aspect as it enhance the transparency and sustainability for
achieving the potentiality behind conducting the research and development in potential manner.
in context of respective research project to maintain the validity of information researcher use
number of ways that includes the number of experiments, controlling more kinds of variables,
improving the measurement techniques and enhance the randomization to reduce the bias of
samples and adding control over the activities in order to gain desirable goals and objectives. The
major benefits that are acquired by the researcher by using the valid kind of knowledge and
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