ANALYSIS OF COST AND TIME PERFORMANCE ON THE EAST SURABAYA HOSPITAL CONSTRUCTION PROJECT USING THE EARNED VALUE METHOD
DOI:
https://doi.org/10.56127/ijst.v3i2.1482Keywords:
Earned Value Method, Project Performance, Project Control.Abstract
The construction of the East Surabaya Hospital is a multiyear project, starting from 2023 to 2024. The project has a contract value of Rp. This 494,603,098,000 is funded by the Regional Revenue and Expenditure Budget (APBD) of the Surabaya City Government. This research aims to analyze the cost and time performance of the project. The method used is the earned value method. The results of the cost and time performance analysis using the Earning Value method show that the cost performance and time performance of the East Surabaya Hospital Construction in the 22nd (twenty-second) week is considered not good. This result is shown by the Cost Variance value of Rp. - 608,118,565 and Schedule Variance value Rp. - 44,410,784,255. The Cost Performance Index value of 0.996 and the Schedule Performance Index value of 0.76 also shows that the cost and time performance of this project in the 22nd (twenty-second) week is not in good condition.
References
Surabaya City Central Statistics Agency, "Surabaya in Numbers," 2024.
Faculty of Public Health, Airlangga University, "Feasibility Study Document for Establishing a General Hospital (RSU) in East Surabaya," 2022.
Surabaya City Government, "Surabaya Mayor Regulation Number 69 of 2023 Concerning Surabaya City Regional Government Work Plans for 2024," 2023.
Surabaya City Government, "Surabaya City Regional Regulation Number 8 of 2023 concerning Regional Revenue and Expenditure Budget for Fiscal Year 2024," 2023.
Surabaya City Government, "Construction Work Agreement/Contract Number: 000.3.3/26525/436.7.2/2023," 2023.
Suharto I, Imam S 1999 Project Management Volume 1, Second Ed., vol. 1. Jakarta: Erlangga Publishers, 1999.
