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Journal : International Journal on Advanced Technology, Engineering, and Information System (IJATEIS)

Time and Cost Analysis Using the Fast Track Method in the ITS Bank Building Construction Project Rudiansyah, Rudiansyah; Tjendani, Hanie Teki; Puspanantasari, Erni
INTERNATIONAL JOURNAL ON ADVANCED TECHNOLOGY, ENGINEERING, AND INFORMATION SYSTEM Vol. 4 No. 3 (2025): AUGUST
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/ijateis.v4i3.1824

Abstract

Higher education institutions are required to provide a conducive learning environment to produce excellent and competitive human resources. One of the keys supporting factors is the availability of adequate infrastructure, including accessible financial services within the campus. Institut Teknologi Sepuluh Nopember (ITS) responded to this need by constructing a banking building as part of its efforts to create an integrated digital campus ecosystem. However, the project faced significant delays from the original schedule, prompting the need for acceleration strategies that maintain both cost and quality. One such strategy is the Fast Track method, which allows construction activities to be carried out in parallel to shorten the project duration. This study aims to analyze the project’s time and cost using the Fast Track method, a project acceleration technique that enables activities to be performed simultaneously to reduce execution time. The research was conducted on the ITS Banking Building construction project, which has a contract value of Rp 11,871,000,000 and a planned duration of 120 calendar days. The analysis involved identifying critical activities using the Critical Path Method (CPM) and then rescheduling using the Fast Track approach to calculate the optimal time and cost. The results of the study show that the optimal project duration after applying the Fast Track method is 112 working days, which represents a 6.7% reduction from the original 120 days. The optimal cost after acceleration using the Fast Track method is Rp 9,696,512,763, representing a 9.3% reduction from the initial cost of Rp 10,694,683,195pa.
Co-Authors Abadi, Deeva Lorenza Achmad Syarif Agung Sudrajat, Agung Agus Budianto Agustin, Riya Alamsyah, Agung Amri, Miftachul Arif Fadillah Arif Fadillah Ariyansyah, Rafly Aurora, Natasya Avenida, Quinta Basamah, Shofia Azra Bayu Sela Priyatna Brasila, Barliy Celvin, Raid Chairunnisya, Fetri Chrysoberyl, Tania Damarwulan, Liza Mumtazah Damayanti, Ria Dartiwen Dartiwen Depi Yulyanti Dicky Nofriansyah Dwi Retno Wulandari Erlangga, Deni Guizhi, Kou Habsyi, M Alfi Al Hanie Teki Tjendani, Hanie Teki Hantoro, Arthur Hajar Hartika, Nely Hasan, Akhmad Hazmanan Khair, Hazmanan Heirina, Anna Herman, Joni Hernaeny, Ul’fah Hudaidah Hudaidah Hutagalung, Juniar Ikeu Tanziha Indrawani, Dali Ipah Ema Jumiati Ira Puspita Sari Irfan, Nur Iryani, Lemi Islami, Deri Juliano, Mulyasar Fikri Julina Julina Jung, Cintiawinata Kesuma, Lucky Indra Khairunnisa Khairunnisa Kholifah, Yuni Nur Latiffunnisa, Husna Lianisyah, Ulfah Yanuar Lilianti, Putri Luluk Elvitaria, Luluk Maharani, Cristina Mahera, Rafika Megalia, Dewi Meilanda, Indah Meliana, Helda Muhammad Alfreno Rizani Mulyado, Riski Nanda, Rian Nani Tursina Nasution, Annio Indah Lestari Neksidin, Neksidin Novita, Yeni Nurul Khoirun Nisa Oktarina, Devi Otimah, Otimah Oxyandi, MIming Panduragan, Santhna Letchmi Pratiwi, Gabriella Christa Intan Prayitno, M. Hadi Puspa Sari, Puspa Puspanantasari, Erni Putri, Dinda Anindya Rahmanita, Raisya Rajasa, Aldi Indra Ramadarti, Nur RAMADHAN, FADHIL Ramadhan, Rehan Sasli Ramadhani, Ahmad Rambe, Muiz Fauzi Razi, Muhammad Riza Ar Renaldy, Faris Rendi, Ketut Rina Febrina, Rina Rossanti, Lisdiana Rudi, Abil Rudiansyah Rudiansyah Said, Faridah Mohd Sardi, Aditiya Sardi, Aditya Sassi, H Komarudin Sitanggang, Togu Raja Sohibun -, Sohibun sri murtini . Sriawan, Minda Sugiarti, Tati Tanjung, Risca Chairiah Trianto, Joko Usman Radiana Wagiran Wagiran Wartono Wartono Widiyanti, Ike Widyastira JP, Sania Widyawati Widyawati Wiranda, Ovi Zhang Wei