Invoicing through CPM schedule
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Dinesh KumarMember for 20 years 5 months
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Dear All
A multimillion project has to be monitored with Primavera Project Management software. Rel (4.1). The resource histograms and monthly cash flow have to be submitted first.
Monthly invoicing is strictly based on progress recorded on CPM. Breakdown of Payment Milestone Schedule is already given by the client. What is the best method cost loading, updating & monitoring of the program?
I’m thinking to
-Define resources without cost and assign to activities.
-Define ‘Expenses’ (uniform over period). Set all Activity % complete type as Physical.
-Schedule and report Monthly cash flows, resource histograms and BL schedule. Budgeted Total Cost must equal contract value.
-When updating every month Earned Value can be invoiced accordingly.
Will that work? Please comment.
Regards
Dinesh
A multimillion project has to be monitored with Primavera Project Management software. Rel (4.1). The resource histograms and monthly cash flow have to be submitted first.
Monthly invoicing is strictly based on progress recorded on CPM. Breakdown of Payment Milestone Schedule is already given by the client. What is the best method cost loading, updating & monitoring of the program?
I’m thinking to
-Define resources without cost and assign to activities.
-Define ‘Expenses’ (uniform over period). Set all Activity % complete type as Physical.
-Schedule and report Monthly cash flows, resource histograms and BL schedule. Budgeted Total Cost must equal contract value.
-When updating every month Earned Value can be invoiced accordingly.
Will that work? Please comment.
Regards
Dinesh
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