Guild of Project Controls: Compendium | Roles | Assessment | Certifications | Membership

Tips on using this forum..

(1) Explain your problem, don't simply post "This isn't working". What were you doing when you faced the problem? What have you tried to resolve - did you look for a solution using "Search" ? Has it happened just once or several times?

(2) It's also good to get feedback when a solution is found, return to the original post to explain how it was resolved so that more people can also use the results.

Remaining cost distribution

1 reply [Last post]
Kannan CP
User offline. Last seen 4 weeks 21 hours ago. Offline
Joined: 12 Jun 2008
Posts: 290
Groups: None

Hi all,

I have an updated schedule(p6 ver7)& with the baseline assigned as "Project Baseline". I am using physical percentage and Fixed dur & units. In my schedule there is a problem with the rem cost distribution.

For eg: the project budget is 10000. At the present update period, earned value cost is 4000 and performance % is 40%. Based on the modification in the remaining duration, the actual cost is less than 4000, say 3500. In my understanding the actual cost will change automatically based on the rem duration (even with the physical % complete type). or we need to do manually.

Now, from p6 i need to generate the remaining budget to the end of the project. The problem is P6 is calculating the remaining cost, starting with 3500 (actual cost),not with 4000(reported to client as the present performance %). In my knowledge it can be solved by changing the actual cost similar to the earned value cost. Is there any other easy method to resolve it.

Thanks

Kannan

Replies

Zoltan Palffy
User offline. Last seen 4 weeks 1 day ago. Offline
Joined: 13 Jul 2009
Posts: 3089
Groups: None

the units will be udate automatically but the costs wil have to be updated manually