Open AccessProject Acceleration of Outside Plant-Fiber Optic (OSP-FO) Project in PT. XYZ Using Time Cost Trade Off (TCTO) Method by Adding Overtime Hours
Author(s) -
Syifa Nur Hasyyati,
Ika Arum Puspita,
Wawan Tripiawan
Publication year - 2020
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/852/1/012103
Subject(s) - duration (music) , schedule , overtime , earned value management , computer science , operations management , license , transport engineering , project management , operations research , project planning , engineering , systems engineering , economics , operating system , art , literature , labour economics , project charter
Various things can occur in the implementation of a construction project that could lead an increase implementation time so that the completion of the project tends to be delayed or not according to plan. The OSP-FO Project was chosen as a case study because of the 3rd license party is not released yet from 5th July 2018 until entered May, 2019. The project is not having production work for more than 6 weeks and the status of the project is become on hold project. Therefore, it is necessary to renew the schedule and accelerate the project when the license is release. Time Cost Trade Off (TCTO) method is a schedule compression to get a project that is more profitable in terms of time (duration), cost, and income. The goal is to compress projects with acceptable duration and minimize the total cost of the project by selecting critical activities with adding optimum working hours for 3 hours per day. From the results of the analysis, the optimum cost is Rp. 22,397,932,645,- and the optimum duration is 292 days, so that the cost efficiency is Rp. 91,596,790 or 0,0041% and the time efficiency is 78 days or 0.2110%.