The Implementation of Earned Value Management (EVM) in Cost and Time Control of a Road Improvement Project

Civil Engineering

The construction of road infrastructure in Indonesia continues to progress as a form of the Government’s responsibility in providing safe and comfortable mobility facilities for the public. The increasing intensity of construction projects, particularly road development, is often faced with various challenges, one of which is project delays. These delays can cause significant losses to both contractors and project owners, thereby highlighting the need for effective project management to address such issues. One method that can be used for cost and time control in projects is the Earned Value Management (EVM) method. Earned Value Management is an integrated approach to controlling project cost and schedule by estimating the cost of the work that has been completed. This method can be used to assess the current condition of a project based on performance elements at the time of monitoring. This study was conducted by examining a road improvement project in Mukomuko Regency, Bengkulu Province. The results showed that the project performance condition could be classified as “Very Good,” as indicated by the analysis of SV (Schedule Variance), SPI (Schedule Performance Index), CV (Cost Variance), and CPI (Cost Performance Index), where none of the values were negative or below zero (<0). This indicates that the project activities were carried out faster than scheduled, the work met expectations or was on time, and even exceeded planned targets during certain weeks. The estimated cost to complete the project is predicted to be IDR 25,***,***,***. The project is expected to be completed on time within 25 weeks. It is also predicted to yield a profit of IDR 37,***,*** or approximately ± 0.14%. Although this is not a significant profit margin, the project can still be considered successful and not financially detrimental.

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