EARNED VALUE MANAGEMENT SYSTEM IN INDONESIAN CONSTRUCTION PROJECT
Mandiyo Priyo
Universitas Muhammadiyah Yogyakarta
Abstract
Earned Value Management (EVM) is a methodology that combines scope, schedule, and resource measurements to assess project performance and progress, it involves the integration of the three key elements of the project which are scheduled, work scope, and cost. Based on the literature, various benefits have been associated with the use of EVM in project management. The research aims to analyze four units of building construction project using earned value management method which consists of an analysis of project performance, estimates of cost and time for project completion and analysis of planning estimation against project completion. Based on the analysis uses earned value management in four building projects above, from the aspect of time: three buildings were completed ahead of schedule and one building was completed behind of the schedule. At the same time, from the aspect of cost, three buildings spend cost under of the budget and the actual cost of one building is higher than the estimated budget.
Keywords: Earned value management, construction, project management
Topic: International Symposium of Civil, Environmental, and Infrastructure Engineering