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Analysis of Time and Budget Efficiency In The Bungur-Kedoyo Road Project Using Earned Value Method Bahrudin, M. Sulton; Patriadi, Andi; Sajiyo, Sajiyo
Asian Journal of Social and Humanities Vol. 3 No. 4 (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.v3i4.477

Abstract

The Bungur-Kedoyo road construction project in Tulungagung Regency represents a critical infrastructure initiative aimed at enhancing connectivity and transportation efficiency. However, challenges in managing time and cost effectively remain significant in ensuring project success. This study aims to evaluate the performance of the project using the Earned Value Method (EVM), a comprehensive framework that integrates cost and schedule analysis. EVM metrics, including Schedule Estimate To Completion (SETC), Schedule Estimate At Completion (SEAC), Budget Estimate To Completion (BETC), and Budget Estimate At Completion (BEAC), were employed to monitor and forecast project progress. The findings indicate that the project is largely on schedule, with an estimated additional week required to complete the remaining 96.908% of work, extending the contracted timeline of 180 days slightly. The remaining cost is projected at Rp. 273,570,437.28, and the total expenditure remains below the contract value at Rp. 8,847,685,552.51 out of Rp. 10,640,186,000. These results highlight the effectiveness of EVM in providing precise tracking and forecasting, ensuring the project stays within budget while achieving its objectives. The study concludes that EVM is a valuable tool for managing complex construction projects, offering actionable insights to improve time and cost efficiency for similar future endeavors.
Performance Evaluation of Time and Cost In The Bungur-Kedoyo Tulungagung Road Construction Project Using The Earned Value Method Bahrudin, M. Sulton; Patriadi, Andi; Sajiyo, Sajiyo
Devotion : Journal of Research and Community Service Vol. 6 No. 1 (2025): Devotion: Journal of Community Research
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/devotion.v6i1.25402

Abstract

Road infrastructure is essential for supporting transportation, fostering economic growth, and enhancing community mobility. However, the Bungur-Kedoyo road construction project in Tulungagung has faced challenges in time and cost management, impacting overall project performance. This study aims to evaluate the project's time and cost performance using the Earned Value Method (EVM), a robust tool that compares planned work, completed work, and actual costs to provide a comprehensive performance analysis. Data from the 25th-week project report revealed delays, with a Schedule Variance (SV) of -Rp. 315,481,514.90 and a Schedule Performance Index (SPI) of 0.970, indicating slower progress than initially planned (SPI < 1). These results highlight the need for improved project scheduling and enhanced control mechanisms to mitigate delays and manage costs effectively. By identifying inefficiencies and areas requiring intervention, the study provides actionable recommendations for improving project management practices. It concludes that integrating EVM into time and cost control processes can significantly enhance project efficiency and reliability. This research contributes to advancing infrastructure development by offering insights that can be applied to similar projects, ensuring timely and cost-effective delivery while promoting sustainable growth in the road construction sector.