Author
Listed:
- Hongyan Xin
(Energy Development Research Institute, China Southern Power Grid, Guangzhou 510530, China)
- Zhengdong Wan
(Energy Development Research Institute, China Southern Power Grid, Guangzhou 510530, China)
- Yan Huang
(Energy Development Research Institute, China Southern Power Grid, Guangzhou 510530, China)
- Jinsong Zhang
(Energy Development Research Institute, China Southern Power Grid, Guangzhou 510530, China)
AbstractWith the increasing demand for electricity in modern society, the scale of substation construction projects has greatly expanded, and the ever-increasing technical requirements have led to rising project costs year by year. Effective cost management not only enhances a company’s market competitiveness but also ensures the construction quality of projects. This paper addressed the issues of cost management in substation projects by exploring the application of unbalanced bidding, target costing, and improved earned value management (EVM) in cost control. By introducing quality indicators to improve traditional EVM, this study proposed a comprehensive evaluation model that considers cost, schedule, and quality to ensure a good construction performance of substations. Using LT 220 kV substation of Company A project as a case study, the paper analyzed specific measures of cost management in the bidding decision, preparation, and construction phases, verifying the feasibility and effectiveness of the improved model. The results indicated that the enhanced EVM can effectively improve cost control in substation projects, achieving an optimal balance among quality, schedule, and cost with significant practical application value.
Suggested Citation
Hongyan Xin & Zhengdong Wan & Yan Huang & Jinsong Zhang, 2025.
"Economical Regulating Strategies Based on Enhanced EVM Model in Electric Substation Construction Projects,"
Energies, MDPI, vol. 18(14), pages 1-14, July.
Handle:
RePEc:gam:jeners:v:18:y:2025:i:14:p:3795-:d:1703726
Download full text from publisher
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:18:y:2025:i:14:p:3795-:d:1703726. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.