The Project Performance Evaluation of PLBN Project Using Earned Value Management Method

Abstract

PT. XYZ is a contractor company that still has shortcomings in the process of monitoring and controlling projects in real time whics causes a mismatch between the planning and the actual time. To avoid these problems in project that currently being worked on by PT. XYZ, it is necessary to improve the project monitoring and controlling process which is carried out by designing spreadsheet-based monitoring and controlling dashboard to analyze project performance with earned value management method. This research was carried out by several stages: data collection, spreadsheet-based dashboard design, data processing using spreadsheet-based dashboard and analysis. The data used in this research are project charter, scope baseline, project schedule and budget plan. From the result of the analysis, it is known that the EVM dashboard that has been designed can assist project managers in carrying out the project monitoring and controlling process in real time, then if there are discrepancies they can immediately evaluate improvements. The results of the performance index analysis show that the project’s performance on the ABC project is still not good, where a week 16 the CPI and SPI values are 0.94 and 0.85. Both values can be interpreted that the costs incurred are greater than planning and the implementation time is longer than planning. The result of calculaton of the estimated cost for project completion is Rp. 2.423.695.294 with an estimated completion time is 21 weeks whichs indicates that thereis an additional 3 weeks of completion.