MANAJEMEN PROYEK LANJUT Advance Project Management Dr. Ir. Budi Susetyo, MT Fakultas TEKNIK Program Magister SIPIL - MK www.mercubuana.ac.id 1 Bagian Isi 1. 2. 3. 4. 5. 6. 7. PM and Project financial management Money and time relationship Evaluasi proyek Analisis ketidakpastian dan resiko proyek Analisis financial proyek Perencanaan sumberdaya keuangan proyek Pengawasan dan pengendalian sumberdaya keuangan proyek UTS 8. Studi kasus project financial management 9. Studi kasus perhitungan money and time relationship 10. Studi kasus evaluasi proyek 11. Studi kasus evaluasi dan resiko proyek 12. Studi kasus cashflow proyek 13. Perencanaan cashflow proyek 14. Protap pengawasan dan pengendalian proyek UAS 2 St di Kasus Studi K E l i Proyek Evaluasi P k 3 Project Evaluation More details on: – Hendrickson H di k PM for f Construction C i on-line li textbook b k • Chapter 7 4 Outline 9 Session Objective & Context ¾Project Financing Owner Project Contractor Additional Issues Financial Evaluation Time value of money Present value Rates Interest Formulas NPV IRR & payback period Studi Kasus Cash Flow Proyek 1. 2. 3. 4. Cashflow proyek dari perspektif pihak pemilik proyek Penerimaan adalah semua potensi pendapatan yang akan diterima Pengeluaran adalah seluruh biaya terkait investasi proyek Arus kas merupakan penerimaan dan pengeluaran proyek Owner Financing – Gross Cashflows Owner investment = contractor revenue $10,000,000 $5,000,000 $0 ($5,000,000) ($10,000,000) ($15,000,000) ($20,000,000) ($25,000,000) ($30,000,000) ($35,000,000) 1 2 3 4 5 6 7 8 9 10 11 owner cum cashflow contractor cum cashflow Financing – Gross Cashflows Design/Preliminary Construction Owner investment = contractor revenue $10,000,000 $5,000,000 $0 ($5,000,000) ($10,000,000) ($15,000,000) ($20,000,000) ($25,000,000) ($30,000,000) ($35,000,000) 1 2 3 4 5 6 7 8 9 10 11 owner cum cashflow contractor cum cashflow Financing – Gross Cashflows Design/Preliminary Construction Owner investment = contractor revenue $10,000,000 $5,000,000 $0 ($5,000,000) ($10,000,000) ($15,000,000) ($20,000,000) ($25,000,000) ($30,000,000) ($35,000,000) 1 2 3 4 5 6 7 8 9 10 11 owner cum cashflow contractor cum cashflow • Early expenditure • Takes time to get revenue Critical Role of Financing • Makes projects possible • Has major impact on – Riskiness of construction – Claims – Prices offered by contractors (e.g., high bid price for late payment) • Difficulty of Financing is a major driver towards alternate delivery methods (e.g., Build-OperateTransfer) “Project” Financing • Investment is paid back from the project profit rather than the general assets or creditworthiness of the project owners • For larger projects due to fixed cost to establish – Small projects not much benefit • Investment in project through special purpose corporations – Often joint venture between several parties • Need capacity for independent operation • Benefits – Off balance sheet (liabilities do not belong to parent) – Limits risk – External investors: reduced agency cost (direct investment in project) • Drawback – Tensions among stakeholders Pustaka 1. Hendricson, Project Management, Web Version, 2003 2. Zulkarnain Djamin, Perencanaan dan Analisa Proyek, Universitas Indonesia, 1984 12