Analysis of Project Cost and Time Performance Control Using Earned Value Method Analysis (EVM-A) (Case Study of Concrete Road Construction Project)

Abstract

Construction projects have a high level of project complexity. Controls generally separate between the accounting system for costs and the construction project schedule system. The purpose of this research is to find out how Earned Value is applied in project performance and to estimate project costs and time. This yield value method includes Project Implementation Progress Reports and project financial accounting data at the reporting date, then processed to obtain BCWS (Budgeted Cost of Work Schedule), ACWP (Actual Cost of Work Performance), and BCWP (Budgeted Cost of Work Performance). From the results of control analysis and forecasting the total Estimate All Schedule (EAS) is 9 weeks, the total planning time is 16 weeks. This means the project performance runs 4 weeks faster than the initial plan time. where from the results of project performance evaluation control, it is estimated that the project can be completed in its entirety in approximately 14 weeks from the planned duration of 16 weeks or two weeks faster than the duration of the initial plan and in terms of actual costs it is estimated that there will be an overall savings of around 10.55% of the actual costs that have been realized.