Cost and Time Analysis of The Pontianak MCD Building Project Using Time Cost Trade Off (TCTO) Method

Abstract

This study aims to apply the Time Cost Trade Off (TCTO) Method in cost and time analysis for the McDonald's construction project in Pontianak. This method allows project managers to explore the relationship between turnaround time and project cost, with the goal of finding the optimum point that produces the lowest cost with an acceptable turnaround time. The analysis process begins with the identification of project activities, estimation of the cost and duration of each activity, and the creation of an initial project schedule. Next, simulations were carried out using TCTO to evaluate time and cost reduction options. By applying the Time Cost Trade Off Method, it is expected that the McDonald's construction project in Pontianak can be completed with minimal costs and in time in accordance with the targets that have been set. From the results of data processing, it was found that the addition of 2 hours of overtime is the optimum acceleration, which can accelerate work time by 18.30 days with an acceleration cost of IDR 62,002,212, so that the total optimum cost becomes IDR 1,091,128,551,-. Where this result is the optimum result of the project fine of IDR 228,366,605 for a delay of 12,628 days.