Skip to content
ProjectControls.com
Planning, Scheduling & Programming Discussion

Cash Flow and the Schedule

In the Open Standard
Raul SantosMember for 16 years 11 months
Created
3
1
0
A lady that works in the cost dept has come to me asking me the schedule to update her cash flow forecast report. I haven’t been requested that kind of information in previous jobs (although I don’t have that much experience). She told me "First, I want to understand the schedule, then try to see if it matches with the information that I have and then incorporate the information from your schedule into my cash flow report". By the latter, she meant she wants to match the dates of the activities with her billing forecast for those activities (or group of activities). She is inexperienced in cost and has been updating her report by asking to different people. I asked her what information she was going to take from the schedule and she repeated again that she wanted to understand it first.

How is the schedule actually related to a cash flow report? What information is she supposed to take from the schedule? My impression is that she wants to learn about scheduling.
Save Follow Follow forum Report
Reply New topic

3 replies

Oldest first
  1. 0
    Shah. HB ·
    #1

    Hi Raul Santos

    I trust you can relate the variable time from the schedule with the cost .I think QS is  trying to relate physical percentage of completion with cost ,based on that QS can generate running account bills.Have a look at the below link, it is a methodology built using time and cost 

     

    http://www.icoste.org/LukasPaper.pdf

     

    Report
  2. 0
    Ribamar Oliveira ·
    #2

    Hi Raul

    Hi Raul,

    from my point of view she is just checking if the schedule was built taking informations from planning dept, field and procurement. From a Project Control perspective, we have to make sure that not only that ammount of money forecasted in certain activities will be invested on the project(accomplishing the forecasted cash flow) but at the same time assuring the scheduled deliverables that will convert on revenue for the project. This problem would probably be solved wiht an EVA tracking report and a regular basis meeting with her dept.

    Best Regards

    Ribamar Oliveira

    Report
  3. 0
    Mai Tawfeq ·
    #3

    Dear Raul:

    Dear Raul:

     

    Might be your impression 100% right, but do not think like this , always try to think positively, u have to provide the information which have been asked upon u receive officially request , DO NOT adhere to the verbal request, give here printed sheets without showing how u built up your data

    usually the cash flow is the soul interest of cost department guys ,if they are one going to put and study the financial strategy for this year and next year the cash flow will be helpful information . 

    always try to understand the nature of relationship between your job and outputs and the other staff and their outputs , this is will help u to recognize the kind of the information which they should asked u for.

     

    Regards

     

    Mai 

    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?