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All Journal Formosa Journal of Science and Technology (FJST)
Aris Lukmanul Khakim
Civil Engineering Master's Study Program, Faculty of Engineering Universitas 17 Agustus 1945 Surabaya
Humanities Computer Science & IT Education Industrial & Manufacturing Engineering Social Sciences

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Cost and Time Performance Analysis Using the Earned Value Method in the MCC (Motor Control Center) Warehouse Room Construction Project at Pt. Omya Plant Paciran Lamongan Aris Lukmanul Khakim; Budi Witjaksana; Jaka Purnama
Formosa Journal of Science and Technology Vol. 5 No. 6 (2026): June 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjst.v5i6.76

Abstract

Planned Value (PV) represents the expected expenses for tasks designated for a particular timeframe and outlined in the financial plan, also referred to as the Budgeted Cost of Work Scheduled (BCWS). This figure is calculated by taking the proportion of intended progress as per the timeline and multiplying it by the expenses earmarked for the project as detailed in the Bill of Quantities (RAB). PV or BCWS = (percentage of planned progress) x (Budget) PV or BCWS calculation for Week 1. PV or BCWS = (percentage of plan) x (total budget for the project) PV or BCWS = (0. 07%) x (Rp. 2,270,000,000). PV or BCWS = Rp. 1,589,000. Earned Value (EV) or BCWP reflects the budgeted costs associated with work that has been finished, calculated by multiplying the percentage of actual progress by the budget. EV or BCWP = (percentage of actual progress) x (Budget) EV or BCWP calculation for Week 1. EV or BCWP = (percentage of actual progress) x (total budget for the project) EV or BCWP = (0. 07%) x (Rp. 2,270,000,000). EV or BCWP = Rp. 1,589,000. According to the assessment conducted, the project duration was completed 7 days ahead of the projected timeline of 133 days. The assessment indicated that the final expenses were below the contracted amount of Rp. 2,189,355,000, resulting in cost efficiency
Co-Authors Budi Witjaksana Jaka Purnama