Abstract: “Earned Value Method is a method developed to determine the progress of the project based on the progress that has been achieved. This method will provide very useful information when applied to evaluate project progress in order to identify potential slippage and use of budget overruns. The concept of an earned value has three main components: the budget cost, the actual cost, and a value derived from the cost that has been issued or called the earned value. The research was carried out on the project of Faculty of Engineering Development of Hasanuddin University in Makassar, South Sulawesi. The research method is an intrusive analysis by analyzing project performance after the 13th week. The results showed that the application of the earned value method showed that the project time performance from the first week to the 13th week experienced several deviations, ie at the 4th, 8th and 13th weeks. So the project has decreased time performance at a cost that is less than the budget.”

Keywords: Cost, Performance, Implementation, Earned Value