Improving Project Time and Cost Performance Based on Limited Budget

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)