Skip to content
ProjectControls.com
Oracle Primavera - PM6

How to define Project Actual Cost ?

In the Open Standard
Irfan KhanMember for 17 years 3 months
Created
3
2
0
Hi Rodel,
I am working on Soil Grading Project & I am trying to make baseline for same project. Almost I done but I have confusion that how to define actual cost?

1.Should I define actual cost through Manpower?
2.Should I define actual cost through Equipment?
3.Should I define actual cost through Material?

Rodel need ur urgent reply….

Thanks…….


Save Follow Follow forum Report
Reply New topic

3 replies

Oldest first
  1. 0
    Rodel Marasigan ·
    #1
    Irfan,
    It depends on the requirement and usage. If all of them are required then use all of them and allocate to cost account so it will be easier to track.
    Report
  2. 0
    Irfan Khan ·
    #2
    Thanks Rodel for ur promptly reply,

    ok that’s fine, suppose i m going to define my Actual Cost on Material. I defined 5 Constructin phases & each phases have 5 activities and i have Cost of each phases separetaly.

    1) should i divide cost of 1 phase & equaly put value in activities.

    or give me any new idea....

    thanks........





    Report
  3. 0
    Rodel Marasigan ·
    #3
    Irfan,
    The most effective and accurate is using the BOQ and make it tally to your WBS and Cost Account then to Activities. Also assigned each cost account to responsible person taking care of that Cost and implementation so it will be easier to track and monitor.
    Report

Log in or join to reply

ProjectControls.com is free to join. Members can post questions, reply, vote and follow discussions.

Log inJoin free

Existing members: your original username and password still work. Forgot password?