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All Journal International Journal Science and Technology (IJST) International Journal on Advanced Technology, Engineering, and Information System (IJATEIS)
Pramadha, Ichsan Yanuansyah
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Automotive Engineering Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Control & Systems Engineering Electrical & Electronics Engineering Industrial & Manufacturing Engineering

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COST AND TIME ANALYSIS USING EARNED VALUE METHOD ON THE CONSTRUCTION OF THE NATIONAL KEDIRI AIRPORT ACCESS ROAD PHASE 1 KEDIRI - NGANJUK Pramadha, Ichsan Yanuansyah; Tjendani, Hanie Teki; Witjaksana, Budi
INTERNATIONAL JOURNAL ON ADVANCED TECHNOLOGY, ENGINEERING, AND INFORMATION SYSTEM Vol. 3 No. 1 (2024): FEBRUARY
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/ijateis.v3i1.1023

Abstract

Project completion delays have adverse consequences on a contractor's credibility and result in additional penalty costs, reducing potential profits. To mitigate these issues and optimize project outcomes, refining activity schedules and budgets is crucial. The Earned Value Method proves effective in monitoring and controlling project activities. In the case of the Kediri airport access road construction project, weeks 1 to 6 revealed a negative Cost Variance (CV), indicating higher-than-planned costs, while weeks 7 to 8 showed a positive CV, suggesting costs were lower than anticipated. Schedule Variance (SV) for the 1st week was unfavorable, indicating a delay, and SV>1 from weeks 2 to 8 signaled a project delay. The Estimate to Complete (ETC) is IDR 17,470,510,292.77, and the Estimate at Complete (EAC) is IDR 32,509,153,464.05. The Time Estimate (TE) forecasts project completion in 89 calendar days, five days beyond the contracted 84 days. Employing the Earned Value Method enhances project performance evaluation and decision-making to avoid delays and cost overruns.
TIME AND COST ANALYSIS OF DHOHO KEDIRI AIRPORT ACCESS ROAD PROJECT USING EARNED VALUE METHOD Pramadha, Ichsan Yanuansyah; Hanie Teki Tjendani; Budi Witjaksana
International Journal Science and Technology Vol. 3 No. 1 (2024): March: International Journal Science and Technology
Publisher : Asosiasi Dosen Muda Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56127/ijst.v3i1.1229

Abstract

Delays in project completion are something that any project contractor must avoid. Because apart from having a negative effect on the credibility of the project contractor, delays in project completion also cause penalty costs to be borne by the contractor, so that the profits to be obtained are reduced.Earned Value Method. This method is used to determine project performance in terms of costs at one time, determine project performance in terms of schedule/time at one time, predict costs to complete the project after the evaluation time and predict the time to complete the project after the evaluation.By using this method in the Kediri airport access road construction project, it was found that the project was delayed from the plan. The ETC (estimate to complete) value obtained was the estimated budget value required for completion was IDR 17,470,510,292.77, while the EAC (estimate at complete) value obtained was the final total cost estimate. project is IDR 32,509,153,464.05. TE Value Results (Time Estimate) to complete the project to completion in 89 calendar days or 5 days later than the contract time of 84 calendar days.
Co-Authors Budi Witjaksana Budi Witjaksana, Budi Hanie Teki Tjendani Hanie Teki Tjendani, Hanie Teki