Earned value concept analysis on project monitoring (Case study: Faculty of Forestry Universitas Sumatera Utara building construction phase 1)

Construction projects have a high level of project complexity. Sometimes there are some late progress or cost overruns on project construction. Monitoring is the first step to control the project so that it can be seen as a large deviation in costs and schedules that occur. Therefore, to improve the effectiveness of monitoring, the earned value concept method can be used. The research began with data collection from the research location. After obtaining supportive data, it is continued with ACWP, BCWP, and BCWS data analysis. It is closing with the final results of all analyzes conducted. From the study of the concept of the value of the works reviewed until the 20th week, the BCWS value was IDR 14,816,705,720, the BCWP value was IDR 4,614,975,520, and the ACWP value was IDR 4,153,562,199. The CPI value is 1.111, while the SPI is 0.311, which means that the project is experiencing delays in terms of schedule but incurs actual costs that are less than the work already done. The final estimated project cost (EAC) is IDR 20,301,199,616, while the ECD value is 52 weeks for the project completion time.