Earned Schedule Management (ESM) gives an estimate of schedule and milestone achievement dates. Earned Value Management (EVM) assists to follow the project performance by giving the schedule variance, cost variance and their performance index. EVM &ESM helps the project manager to foresee cost and schedule for the real project. The objective of this study is to apply EVM & ESM to the real time residential apartment project which is upcoming in Bengaluru, Karnataka, India and then to compare the results of two deterministic forecasting methods EVM and ESM. The EVM and ESM parameters are generated by using the data procured from the planning department. It shows much fluctuation in the project performance but the last months (M10) results reveal that the project is behind schedule, unfavorable budget and needs more amelioration. The project has an unfavorable Cost Variance of -0.91(budget in crores of INR, 1 crore = 10millions)) and schedule variance of -6.71months. It is also observed from the results and actual project situations that Earned Value and Earned Schedule methods in conjunction gives more accurate interpretation than using each of them detachedly.

The predominant goal of a construction industry is to cessation the projects on schedule and within the budget, with proper usance of all the resources. But most of the project runs over budget, lagging behind the schedule. Earned value management (EVM) is one of the techniques to overcome the issues related to the schedule and budget. EVM helps to track the project performance by delivering the schedule variance, cost variance and their performance index. The objective of this study is to survey the challenges in applying earned value management to the ongoing projects in the Indian construction industry. After, conducting structured questionnaire survey and interviews some of the challenges in application of EVM were recognized. Depending on the personal comments given by different construction managers nine of challenges are observed and each of them is briefly discussed. Financing and late payment of the completed work, pressures to report only good news and inaccurate assessment of project time are the top rated challenges gleaned from the study. The personal interviews reveal that lacking in using earned value management software is the major cause with 55% responses