Incorporating earned value management into income statements to improve project management profitability and elevate application in the business and management.

ABSTRACT: Our goal is to improve Project Management (PM) profitability and reduce discrepancies in information among stakeholders, which can result in conflicts. This will be accomplished by incorporating Earned Value Management (EVM) with the Income Statement and incorporating earnings before interest, tax, depreciation, and amortization (EBITDA) with the work breakdown structure (WBS). These incorporations will streamline information sharing between PM, other management professionals, and the stakeholders, ultimately fostering the application of PM within broader business and management contexts. We drew on theories from Project, Operations, Financial Management, Agency Theory, and the Theory of Performance Frontiers. We conducted multiple case studies in a shipbuilding corporation with 25 project

SUBMITTER: Setyopurnomo R 

PROVIDER: S-EPMC11698386 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature