LEOPARD PROJECT CONTROLS
Cost Control
Certified PMP, with over 11 years of experience in Oil & Gas and Construction projects. Expert in Primavera P6, MS Project, Asana, and Zoho Projects scheduling. Authored different Project Management, Scheduling and Planning articles.
How to create a monthly Project Budget vs Actual Cost report through Primavera P6? GalleryHow to create a monthly Project Budget vs Actual Cost report through Primavera P6?
Construction, Construction Management, Cost Control, CPM Scheduling, Primavera P6, Primavera P6 CPM Scheduling, Primavera P6 Training, Project Controls, Project Management, Schedule Control, Scheduling Best Practices, Technology
How to create a monthly Project Budget vs Actual Cost report through Primavera P6?
Oracle Primavera P6 is mostly used for project scheduling, planning, tracking, and reporting. From reporting aspect, it can help create different project reports depending on input data to Primavera P6. A variety of reports can be generated like WBS, cost, schedule, resources, risks, earned value analysis, etc. with multiple options like different time periods. The project’s Budget vs Actual Cost report is mostly prepared manually on projects due to different reasons. This report can easily be created through Primavera P6 with the highest accuracy and transparency. This blog post will cover a step-wise guide on how to create a monthly [...]
Reducing Construction Costs through Integrated Project Delivery in Construction
The construction market is very demanding and the project delivery methods have evolved from the traditional ones to risk-sharing forms, such as IPD (Integrated Project Delivery). In a traditional construction method, each party tries to avoid the risk and transfer it to the other party. It results in losses in the form of project delays and extra costs. Let’s consider a construction project where the designer has proposed helical piers for the foundation construction of a multistory apartment. Later on, when the contractor is involved, he determines that some of the cost of helical piers could be saved if rammed [...]
Primavera P6 Rate Types and How to Use Them
Introduction to Primavera P6 Rate Types Primavera P6 allows the user flexibility when it comes to rate types and types of project costs. Project teams may run into situations where different rate types are necessary depending on the type of project that is being set up. For example, one project schedule may require internal costs only, while a proposal project schedule may require an external rate that includes fees and other associated costs in the project. Primavera P6 allows the project team to assign up to five different rate types to assignments in the project schedule. In addition, any [...]
Primavera P6 Top-Down Estimation Process
Introduction to Primavera P6 Top-Down Estimation Primavera P6 contains a unique feature that allows the user to break down budgets into dispersed components by WBS and tasks throughout the project schedule. Projects will be allocated for a specific budget, and with this assigned cost, the Primavera P6 user will need to distribute the costs throughout the project schedule to specific tasks. Primavera P6’s top-down estimation feature helps the user quickly assign the budget for labor and non-labor based on weights per WBS and task. This article addresses how to use the Primavera P6 top-down estimation feature, which can be [...]
Schedule and Cost Performance Index in Earned Value Management
Introduction In project management, EVM is a very important debatable topic. It is a process that is used to enumerate the progress of the project according to schedule and cost. It is used to compare the rate of planned progress with the actual rate of progress obtained and the amount of money consumed. Earned value management has changed the traditional point of vision to track the difference between the rate of planned and actual progress. EVM talks about the comparison between planned, earned, and actual progress. Earned Value Management in P6 It is very difficult and challenging to schedule [...]
Integrated Project Delivery
Introduction The IPD method is a new project delivery method, focusing on waste reduction and efficiency. It is used to boost efficiency and drag gaining. A single and multi-party agreement is used to form this method. This method is based on the reward model, costs guarantee, shared risk by all participants, and abdication by team members for liabilities. This method involves the project stakeholders from the initial phase of the project, and the process encourages all the involved parties to collaborate and share their experiences and knowledge. History The IPD process was developed for the first time in the [...]
