Application of Earned Value Analysis Method and Earned Schedule Method to Time and Cost Control In Bank X Building Project

In the execution of construction projects, time and cost control is an important aspect to achieve profitability and efficiency. Delays and cost increases are common, which can be detrimental to the project. Therefore, an appropriate analysis method is needed to predict and control project performance. This study aims to analyze project performance and estimate the final time and cost of the project using the Earned Value Analysis (EVA) and Earned Schedule (ES) methods. This research uses a quantitative descriptive approach by analyzing existing data. Data were collected through surveys and observations at the research site, as well as interviews with relevant parties. The EVA method was used to evaluate project progress, while ES was used to improve the accuracy of time prediction. The results of the analysis showed that in week 28, the Cost Variance (CV) value was Rp. 1,126,276,650.65 with a Cost Performance Index (CPI) of more than 1, indicating that the work was completed at a lower cost than budget. The time performance index (SPI) of 1.003 indicates that the work was completed faster than planned. Overall, the estimated cost and time of project completion showed savings of 12.63%, which amounted to Rp. 4,380,694,868. This study concludes that the application of EVA and ES methods can effectively improve time and cost control in construction projects.

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Journal
Jurnal Syntax Transformation
Published
2024-11-12
DOI
https://doi.org/10.46799/jst.v5i11.989
Primary Topic
BIM and Construction Integration
Type
article
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article

Application of Earned Value Analysis Method and Earned Schedule Method to Time and Cost Control In Bank X Building Project

Nuruni Ika Kusuma W, Triana Suci R, Achmad Rizki T. A, Aryati Indah K
Jurnal Syntax Transformation
BIM and Construction Integration
article

Application of Earned Value Analysis Method and Earned Schedule Method to Time and Cost Control In Bank X Building Project

Nuruni Ika Kusuma W, Triana Suci R, Achmad Rizki T. A, Aryati Indah K
article en

Abstract

In the execution of construction projects, time and cost control is an important aspect to achieve profitability and efficiency. Delays and cost increases are common, which can be detrimental to the project. Therefore, an appropriate analysis method is needed to predict and control project performance. This study aims to analyze project performance and estimate the final time and cost of the project using the Earned Value Analysis (EVA) and Earned Schedule (ES) methods. This research uses a quantitative descriptive approach by analyzing existing data. Data were collected through surveys and observations at the research site, as well as interviews with relevant parties. The EVA method was used to evaluate project progress, while ES was used to improve the accuracy of time prediction. The results of the analysis showed that in week 28, the Cost Variance (CV) value was Rp. 1,126,276,650.65 with a Cost Performance Index (CPI) of more than 1, indicating that the work was completed at a lower cost than budget. The time performance index (SPI) of 1.003 indicates that the work was completed faster than planned. Overall, the estimated cost and time of project completion showed savings of 12.63%, which amounted to Rp. 4,380,694,868. This study concludes that the application of EVA and ES methods can effectively improve time and cost control in construction projects.

Jurnal Syntax TransformationVol. 5(11)
Universitas Swadaya Gunung Jati (ID)
Openalex Percentile: Top 76%
BIM and Construction Integration
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Application of Earned Value Analysis Method and Earned Schedule Method to Time and Cost Control In Bank X Building Project — Nuruni Ika Kusuma W, Triana Suci R, et al. · Jurnal Syntax Transformation (2024) | TGRS Research Map | TGRS