Earned Value Analysis of Time and Cost on The Green Leaf Regency Shophouse Construction Project, Surabaya

Abstract

The Green Leaf Regency Shophouse construction project requires effective time and cost management due to the involvement of various resources, including materials, labor, and tools. For this reason, an accurate method of monitoring and controlling project progress is required. With the increasing complexity and scale of projects, effective methods for evaluating project performance are urgently needed. One method that can be used is Earned Value Analysis (EVA), which integrates the measurement of time and cost performance simultaneously. This research focuses on analyzing the application of the Earned Value Analysis method in the The Green Leaf Regency Shophouse construction project by PT Yekape Surabaya. By utilizing EVA, the study aims to provide a more comprehensive picture of time and cost efficiency in the project. In this study, three main indicators were calculated, namely Planned Value (PV), Earned Value (EV), and Actual Cost (AC) to assess the efficiency of time and cost performance in the construction project using EVA. The results of the analysis show how efficiently the project was executed compared to the initial planning. The findings are expected to provide useful insights in the management of construction projects in the future, particularly in terms of cost and time control to improve the efficiency and effectiveness of project implementation.