LEOPARD PROJECT CONTROLS
Project Budgeting
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 [...]
Practical implementation of Earned Value Management – pros and cons
Earned Value Management (EVM) is one of the most effective available project management approaches which incorporates all levels of management and provides an early forecast of the project. It has offered a system that can manage effective performance by identifying trends, forecasting problems, and seeing their solutions. Most importantly it provides visibility into whether or not the project is on track to be completed within the budget and on time as per the baseline project schedule. It does so by taking project basic information like planned progress, actual progress, actual cost, budgeted cost, planned value, and earned value. These values [...]
Cost Controlling in Construction Projects
Cost overrun is a serious issue in construction projects. Despite its proven importance, it is common for a construction project to fail to achieve its objective within the specified budget limits. Cost performance is one of the essential criteria to measure the project's success. Some of the strategies are presented here to keep the project on track concerning the cost constraints. 1. Accurate Project Estimates Accurate estimation of the project is the key factor controlling the project costs. Mostly the BOQs that are generated at the time of bidding are not accurate and are made based on certain assumptions. [...]
