A construction project is an activity that requires a detailed calculation in its planning. It is not only planning that needs attention, but construction projects have their complexities in terms of management. The management of a construction project has targets that must be fulfilled by a contractor in terms of quality, implementation time, and cost. This study aimed at determining how the application of Earned Value in estimating the cost and project time. This study took a case study on the 8.505 m Maliku-Bantanan road improvement project located in Maliku and Sebangau Kuala sub-district, Pulang Pisau district, Central Kalimantan province, Indonesia. This earned value included budget and cost plans, unit price analysis, and project progress reports processed to obtain BCWS (Budgeted Cost of Work Scheduled), ACWP (Actual Cost of Work Performance), and BCWP (Budgeted Cost of Work Performance)which affected the control of the implementation time and project costs. The results showed that in the fifth month, the BCWP value was IDR 13,668,602,892.99 and the BCWS value was IDR 13,513,565,248.85from the second calculation. The value of BCWS was smaller than the value of BCWP, which was 1.13% of the budget plan. The conditions indicated that the implementation of activities in the field has been following the planned schedule at a lower cost. These results are expected to be used as a guide for contractors and consultants in project planning that are more effective and efficient as well as on quality, time, and cost.

Keywords : Earned Value (EV), Construction Project, BCWS, BCWP