Real-Time Internet-Based Master Schedule Monitoring to Reduce Late Penalty Costs in Housing Projects

Abstract

Delays in handover to consumers will result in real estate developer companies  being fined by consumers. This is a burden that burdens the financial position of development companies which can reach losses of hundreds of millions or even billions of rupiah. The appearance of the fine greatly affects  the company's cash flow, because the company's profit is eroded to pay the fine. Housing project development activities, especially landed houses projects,  are very complex and require cooperation between departments from planning, implementation to consumer handover. Complexity occurs where many parties involved in one cycle have strict targets and influence each other, so it needs to be outlined in a time frame called a master schedule. It requires  a thorough and detailed master schedule control  to map the conditions and problems that arise as well as trouble-shooting in the existing time frame. With  good master schedule control  , it will result in on-time handover  to consumers. So that it will reduce the company's cash flow burden  because it pays consumer fines. Through observation and interview methods conducted in the period of 2016-2019, the author took a study on one of the developers of a housing project in Serpong, Tangerang, from a total of 7 (seven) clusters, data showed that there was 18% of late consumer handovers resulting in fines. The results of  this project management study  , namely an  integrated project time management  system based on the internet,  special servers and cloud, can provide an overview of solutions to reduce late fines.