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Factors That Affect Cost and Time Using Earned Value In Development Projects Titik Nurkaruniati; Budi Witjaksana; Hanie Teki Tjendani
Asian Journal of Social and Humanities Vol. 2 No. 8 (2024): Asian Journal of Social and Humanities
Publisher : Pelopor Publikasi Akademika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59888/ajosh.v2i8.309

Abstract

Effective project management is the key to success in constructing the boarding school of SMA Muhammadiyah 3 Tulangan. Despite facing various challenges such as design changes, inclement weather, and limited workforce resources, the project is monitored using the Earned Value Method. Analysis of BCWS, BCWP, ACWP, SV, CV, SPI, and CPI indicates initial delays and budget overruns, but significant improvement later on. Despite weekly cost variations, the project remains financially manageable. The conclusion shows time delays but cost performance is under control. This underscores the importance of project performance evaluation and the use of the Earned Value Method in construction projects.
Analysis of The Effectiveness of Earned Value Method In Road Widening Project Management In Mojokerto Regency Sugeng Hariyadi; Hanie Teki Tjendani; Budi Witjaksana
Asian Journal of Social and Humanities Vol. 2 No. 8 (2024): Asian Journal of Social and Humanities
Publisher : Pelopor Publikasi Akademika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59888/ajosh.v2i8.313

Abstract

In construction project management, achieving three main goals, namely cost, quality, and time, becomes the primary focus. This study aims to evaluate a road widening project in Mojokerto Regency with a target completion time of 150 days. To prevent delays and cost overruns, researchers adopted the Earned Value method as a tool to identify early warnings regarding project performance. This method integrates cost and time measurements through indicators such as Cost Variance (CV), Schedule Variance (SV), Cost Performance Index (CPI), Schedule Performance Index (SPI), Estimated at Completion (EAC), and Estimated Schedule at Completion (EAC). The analysis results show that the additional costs required (ETC) amounted to Rp 3,276,704,110.14, with an estimated additional time (ETS) up to the 12th week being 87 days. The project's cost change (EAC) reached Rp 3,961,767,811.01 from the contract cost, while the estimated project completion time (EAS) was 171 days. These findings indicate that the construction service provider has implemented an efficient execution method with consistent monitoring, ensuring the smooth progress of the project.
Performance Control of Road and Bridge Preservation Projects Using Earned Value Management (EVM) Method Javan Agustian Setyagraha; Budi Witjaksana; Hanie Teki Tjendani
Asian Journal of Social and Humanities Vol. 2 No. 8 (2024): Asian Journal of Social and Humanities
Publisher : Pelopor Publikasi Akademika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59888/ajosh.v2i8.308

Abstract

The Situbondo – Ketapang – Banyuwangi Road and Bridge Preservation Project experienced changes in the work area, requiring additional design. Asphalt overlay work was halted awaiting the test results of Asphalt Modiv PG – 70 from the Pusjatan Road Material Laboratory in Bandung, resulting in a delay in week 40 by -0.813%. Specifically, AC - WC and AC - BC asphalt work was delayed, significantly impacting the overall project performance. Cost and time analysis are crucial to address this issue. The Earned Value Management (EVM) method is used to evaluate project duration and costs. The Cost Performance Index (CPI) indicates good cost performance (>1), but the Schedule Performance Index (SPI) indicates schedule delays (0.983 < 1). The final project cost is estimated at Rp 112,439,121,070.91, with a completion time of 453 days, three days longer than planned. Effective strategies are needed in time control and design adjustments to complete the project according to expected standards.
Factors That Affect Cost and Time Using Earned Value In Development Projects Titik Nurkaruniati; Budi Witjaksana; Hanie Teki Tjendani
Asian Journal of Social and Humanities Vol. 2 No. 8 (2024): Asian Journal of Social and Humanities
Publisher : Pelopor Publikasi Akademika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59888/ajosh.v2i8.309

Abstract

Effective project management is the key to success in constructing the boarding school of SMA Muhammadiyah 3 Tulangan. Despite facing various challenges such as design changes, inclement weather, and limited workforce resources, the project is monitored using the Earned Value Method. Analysis of BCWS, BCWP, ACWP, SV, CV, SPI, and CPI indicates initial delays and budget overruns, but significant improvement later on. Despite weekly cost variations, the project remains financially manageable. The conclusion shows time delays but cost performance is under control. This underscores the importance of project performance evaluation and the use of the Earned Value Method in construction projects.
Analysis of The Effectiveness of Earned Value Method In Road Widening Project Management In Mojokerto Regency Sugeng Hariyadi; Hanie Teki Tjendani; Budi Witjaksana
Asian Journal of Social and Humanities Vol. 2 No. 8 (2024): Asian Journal of Social and Humanities
Publisher : Pelopor Publikasi Akademika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59888/ajosh.v2i8.313

Abstract

In construction project management, achieving three main goals, namely cost, quality, and time, becomes the primary focus. This study aims to evaluate a road widening project in Mojokerto Regency with a target completion time of 150 days. To prevent delays and cost overruns, researchers adopted the Earned Value method as a tool to identify early warnings regarding project performance. This method integrates cost and time measurements through indicators such as Cost Variance (CV), Schedule Variance (SV), Cost Performance Index (CPI), Schedule Performance Index (SPI), Estimated at Completion (EAC), and Estimated Schedule at Completion (EAC). The analysis results show that the additional costs required (ETC) amounted to Rp 3,276,704,110.14, with an estimated additional time (ETS) up to the 12th week being 87 days. The project's cost change (EAC) reached Rp 3,961,767,811.01 from the contract cost, while the estimated project completion time (EAS) was 171 days. These findings indicate that the construction service provider has implemented an efficient execution method with consistent monitoring, ensuring the smooth progress of the project.
Evaluation of Cost Performance In The Surabaya-Gempol Toll Road Reconstruction Project Using Schedule Variance (SV) and Cost Variance (CV) Analysis Aulia Hamzah; Hanie Teki Tjendani; Budi Witjaksana
Asian Journal of Social and Humanities Vol. 3 No. 6 (2025): Asian Journal of Social and Humanities
Publisher : Pelopor Publikasi Akademika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59888/ajosh.v3i6.521

Abstract

The reconstruction of the Surabaya-Gempol Toll Road underscores the critical role of effective project management in large-scale infrastructure projects, particularly in ensuring time and cost efficiency. This study employs the Earned Value Method (EVM) to evaluate project performance through the analysis of Schedule Variance (SV) and Cost Variance (CV). These indicators provide a comprehensive assessment of the project's adherence to its planned schedule and budget. The findings reveal that the project faced initial schedule delays due to logistical and technical challenges, resulting in negative SV values during the early weeks. These delays were primarily caused by weather conditions, late material deliveries, and coordination issues among project stakeholders. However, corrective measures, including extended working hours, additional labor deployment, and optimized scheduling, successfully addressed these issues, leading to positive SV values towards the end of the project. The CV analysis highlighted consistent cost efficiency throughout the project. Positive CV values dominated the majority of the timeline, reflecting effective cost control and resource management. Despite minor cost deviations due to unanticipated repairs and equipment maintenance, the project demonstrated an ability to maintain overall financial performance within the budget framework. This study emphasizes the significance of data-driven decision-making and proactive variance management in achieving project goals. By leveraging SV and CV analyses, infrastructure projects can better anticipate potential issues, implement timely corrective actions, and improve overall performance. The results of this research offer valuable insights for managing similar large-scale projects, contributing to enhanced efficiency and sustainable development in Indonesia's infrastructure sector.