Cost And Time Analysis Using Methods Earned Value

Abstract

The earned value concept is one of the tools used in project management that integrates cost and time. The earned value concept presents three dimensions, namely the physical completion of the project (the percent complete) which reflects the planned absorption of costs (budgeted cost), the actual costs that have been incurred or what is called actual cost and what is obtained from the costs that have been incurred or what is called earned value. From these three dimensions, with the concept of earned value, it can be connected between cost and time performance derived from the calculation of the variance of cost and time. In the earned value method, monitoring or evaluation is required at a time to determine the performance of a project. Control was carried out on the Tanjung Uncang Pier Construction Project in Batam City, because the project implementation was delayed from planning. The research objectives are to analyze the estimated time required to complete the project and analyze the estimated final cost of the project. The result of the research is based on Schedule Variance (SV) and Schedule Performance Index (SPI), the work performance of the Tanjung Uncang Pier Development Project Batam City is not as expected and does not achieve the planned work target and is experiencing delays. The estimated time required to complete the Tanjung Uncang Pier Development Project Batam City based on week 22 is 257 days while the planned time is 245 days. This shows that the completion time is 12 days later than planned. The estimated cost of the project implementation of the Tanjung Uncang Pier Construction Project of Batam City is smaller than the contract value, which is Rp 40,038,455,635.00.