STUDY OF PROJECT TIME AND COST PERFORMANCE USING THE EARNED VALUE MANAGEMENT METHOD ON THE ENVIRONMENTAL ROAD IMPROVEMENT PROJECT IN TANIPAH VILLAGE, MANDASTANA DISTRICT
Abstract
One of the methods used in controlling project time and costs is the earned value concept method. Earned value is a concept of calculating the cost budget by the work that has been completed. Where performance is measured is work completed at a certain time, which is assessed based on the amount of budget available on the project. For this reason, it can later be known the relationship between the physical progress achieved and the budget that has been spent.
In this study, the object of research used was the Tanipah Village Environmental Road Improvement project, Mandastana District, and used existing data, namely general project data, contract value, schedule, and weekly reports. This study uses project performance analysis based on time and cost using the Earned Value Management method.
The results of the data analysis obtained were that there was a delay in project work in week 1 and week 2, but scheduling performance improved so that in the following week there were no more delays and the project was completed on time. In terms of costs, in week 1 to week 7 the costs incurred exceeded the budget but in week 8 cost performance improved and in the last week the profit obtained amounted to Rp. 40,207,776.
Keywords: Earned Value, Cost, Time
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DOI: https://doi.org/10.20527/crc.v8i2.13440
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