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Level: Basic
TCM Section(s):
9.2. Progress and Performance Measurement
10.2. Forecasting
Venue: 2021 AACE International Conference & Expo
Abstract: Large-scale construction projects need a large amount of investment and a long construction period for completion. It is critical for cost control of these projects to use earned value management. Large-scale and complex construction projects are often designed and constructed at the same time. BIM can reflect the design information of the engineering entity before the drawings published.
In this paper, concrete volume, room area, pipe length and other engineering data in BIM are applied to generate the planned value curve of the project and ensure its accuracy, and the earned value is compared with the actual cost reflected by BIM in real time. The follow-up cost trends and the EAC (estimate at completion) can be predicted accurately, which embodies the value of BIM application.
TCM Section(s):
9.2. Progress and Performance Measurement
10.2. Forecasting
Venue: 2021 AACE International Conference & Expo
Abstract: Large-scale construction projects need a large amount of investment and a long construction period for completion. It is critical for cost control of these projects to use earned value management. Large-scale and complex construction projects are often designed and constructed at the same time. BIM can reflect the design information of the engineering entity before the drawings published.
In this paper, concrete volume, room area, pipe length and other engineering data in BIM are applied to generate the planned value curve of the project and ensure its accuracy, and the earned value is compared with the actual cost reflected by BIM in real time. The follow-up cost trends and the EAC (estimate at completion) can be predicted accurately, which embodies the value of BIM application.