Publication Date: 2023/07/08
Abstract: During project implementation, deviation from schedule is unavoidable due to uncertainty and limited budget. The actual value of the project being worked on is still below the predetermined target, there is a difference (gap) between the actual value and the planned value. This study using Earned Value Management (EVM) and add a dimension of Quality by allocating budget control for each activity and tracking period. This research focuses on providing an overview of project efficiency and effectiveness to provide project quality requirements based on the time spent and costs incurred. Tracking throughout the implementation phase of the project. Quality is almost stable from week 13 to week 19. A control budget allocation approach is proposed to determine the amount of budget consumption allowed in each phase of project or activity control. In terms of cost-effectiveness, the hybrid strategy has the highest performance (0.062 compared to 0.029 and 0.028. Meanwhile, in terms of time efficiency the hybrid strategy has the highest performance (0.126 compared to 0.088 and -0.013 for intervention and preventive strategies following each Earned Value Management value)
Keywords: Cost, Earned Value Management, Quality Performance, Project Management, Time.
DOI: https://doi.org/10.5281/zenodo.8126166
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23JUN1094.pdf
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