Application: Project Delivery Systems and Earned Value It is typical for stakeholders to seek to minimize risk in construction projects. One way owners may do this is by selecting the appropriate project delivery system and the right team for the construction project. Obtaining financing is another major consideration as is the ongoing financial methods for the project. Once the project is underway, challenges may occur that cause controversy among the projects’ stakeholders and increase the level of risk they may assume.
Consider how the use of earned value methodology may be of benefit in minimizing legal action. To begin this Application, review this week’s Learning Resources, paying particular attention to the journal article by Kaufman and Considine. Draw upon the authors’ research to cite specific examples as you answer the following questions in a 600- to 900- word paper: How does the choice of project delivery system affect the use of earned value methodology in a construction project? Which PDSs best lend themselves to using an earned value methodology? In the case when legal action is taken, how would the earned value system aid the owner in minimizing the ramifications of a legal dispute? Be sure to support your work with specific citations from this week’s Learning Resources and additional scholarly sources as appropriate. Refer to the Harvard System of Referencing guide to ensure your in-text citations and reference list are correct.