Procedural Visualization of Cost Management from the Job Site in Order to Improve the Earned Value Management of the Project: Empirical Study - Saad River Land Reclamation Project

Authors

  • Abdul-Hussein L. Yassir

DOI:

https://doi.org/10.55562/kjfg7c17

Abstract

The goal of the research was to develop a procedural conception based on the Gemba Kaizen philosophy, which suggests that one way to improve earned value management is to avoid the schedule and cost deviation issues that arise in most projects by implementing on-the-job cost management, or Gemba Kaizen-Costing. The idea is based on continuous guidance by the cost performance index (CPI) and the schedule performance index (SPI) in order to monitor and address deviations as they occur and avoid their occurrence in the future in order to improve the earned value management of the project. In light of those conclusions, the research put forward a set of recommendations, the most significant of which is that academics in the disciplines of cost accounting and management accounting should take a closer look at the study that demonstrates the significance and viability of cost management from the job site in order to improve the earned value of the project.

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Published

2024-09-28

Issue

Section

Original article

How to Cite

Procedural Visualization of Cost Management from the Job Site in Order to Improve the Earned Value Management of the Project: Empirical Study - Saad River Land Reclamation Project. (2024). Journal of Al-Rafidain University College For Sciences ( Print ISSN: 1681-6870 ,Online ISSN: 2790-2293 ), 55(1), 1-15. https://doi.org/10.55562/kjfg7c17