ERFORMANCE ANALYSIS OF PROJECT COMPLETION COST AND TIME USING EARNED VALUE METHOD IN CINDUA MATO BATUSANGKAR FIELD DEVELOPMENT PROJECT

Ahmad, Hafiz Zuandra and Indra, Farni and Mufti, Warman Hasan (2020) ERFORMANCE ANALYSIS OF PROJECT COMPLETION COST AND TIME USING EARNED VALUE METHOD IN CINDUA MATO BATUSANGKAR FIELD DEVELOPMENT PROJECT. Diploma thesis, UNIVERSITAS BUNG HATTA.

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Abstract

This study aims to describe how to apply the earned value concept method in Project Control from the time and cost session of the Cindua Mato field development project, Batusangkar. Meanwhile, the objective is to review the effectiveness of the application of the earned value concept method in controlling a construction project. The research method contains a description of the type of research, research flow diagrams, research locations, questionnaire distribution locations, data collection, and data to be collected for analysis and using the Earned Value method. The research phase (1) conducting research required literature studies to deepen knowledge related to the research topic; (2) Calculating direct and indirect costs, then accumulated from week 1 to week 22; (3) Calculating the cost of ACWP, BCWP, BCWS, calculated from the total direct costs, indirect costs; (4) Calculating CV, CPI, SPI, ETC. EV is calculated from the difference between BCWP and ACWP, CPI is calculated from the comparison between BCWP and ACWP, SPI is calculated from BCWP / BCWS, ETC is calculated from the difference between BAC and BCWP divided by CPI; (5) Calculating EAC, EAC is calculated using the formula ACWP + (BAC - BCWP / CPI x SPI) (6) Discussion and conclusions. Based on the financial analysis carried out. (1) After analyzing the performance evaluation of this project in the 22nd week, the value of BCWS = Rp.14,706,465.04, ACWP = Rp.181,297,178.60 and BCWP = Rp.213,290,798.36 with a Cost Variant (CV) value of Rp.31,993,619 , 75 and the Schedule Variant value of Rp. 198,584,333.31. From these results, it shows a fairly good performance in terms of costs, the CPI value is> 1 and the SPI shows a fairly good performance in terms of time, namely> 1. (2) From the aspect of costs, analysis and calculations carried out in the 22nd week of work in that week, in terms of costs, it can be seen that the value of the Cost Performance Index (CPI)> 1 means that the expenses are smaller than the Budget. The value obtained from the total cost to the end of the project or Estimate at Complete (EAC) is IDR 4,174,863,822.28 while the available budget is IDR 4,911,604,496.78 so that the implementer of the work on this project experiences profits. (3) From the aspect of time in the 22nd week, it can be seen from the value of the Schedule Performance Index (SPI)> 1, it means that the implementation time is not delayed in its implementation. Keywords: Performance, Cost, Time, Earned Value

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