Eduvest - Journal of Universal Studies
Vol. 4 No. 9 (2024): Journal Eduvest - Journal of Universal Studies

Cost and Time Analysis Using the Earned Value Analysis Method

Hariyadi, Sugeng (Unknown)
Tjendani, Hanie Teki (Unknown)
Witjaksana, Budi (Unknown)



Article Info

Publish Date
20 Sep 2024

Abstract

Construction project management prioritizes the achievement of three main objectives: cost, quality, and time. This study evaluates a road widening project in Mojokerto Regency with a target completion time of 150 days. To prevent delays and cost overruns, researchers used the Earned Value method to identify early warnings regarding project performance. This method integrates time and cost values through measurements of 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 research findings show that additional costs required (ETC) reached Rp 3,276,704,110.14, with additional time (ETS) up to week 12 being 87 days. The change in project costs (EAC) reached Rp 3,961,767,811.01 from the contract cost, while the project completion time (EAS) was 171 days. The analysis indicates that the construction service provider has implemented an efficient implementation method with consistent supervision, ensuring the smooth progress of the project.

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Journal Info

Abbrev

edv

Publisher

Subject

Aerospace Engineering Computer Science & IT Health Professions Neuroscience Social Sciences

Description

Eduvest - Journal of Universal Studies is a double blind peer-reviewed academic journal and open access to multidiciplinary fields. The journal is published monthly by Green Publisher Indonesia. Eduvest - Journal of Universal Studies provides a means for sustained discussion of relevant issues that ...