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.

Cost overrun

1 reply [Last post]
Mona Singh
User offline. Last seen 4 years 22 weeks ago. Offline
Joined: 14 May 2013
Posts: 4
Groups: None

Dear All

 

I am working on a project which started 2012 & finish date is 2019, Mining project. I prepared the project & got all cost variance as per planned & actual with delay analysis. Now we need to find the [strong]cost overrun [/strong]compare with the project report (DPR) which given by one of our consultant 2 yrs back. How to do ??

should I prepare activity wise consultant report in P6 then running Claim digger ??

* using P6 8.3 EPPM

* All cost is incurred on expenses wise because most of the work done by vendors.

Pl guide me ...., Thanking you in Advance.

 

Regards

Madan Mohan

Replies

Mike Testro
User offline. Last seen 4 days 21 hours ago. Offline
Joined: 14 Dec 2005
Posts: 4415

Hi Madan

The point of recovery of costs following an EoT is to put the contractor back in the same position costwise that he would have been but for the delay.

It is not a permit to recover all the cost over runs that have been incurred which may have many causes other than the delay.

Costs in respect of an EoT are the actual EXTRA costs paid out during the period of the delay event and then only for the duration of the extended end date.

I hope this helps

Best regards

Mike Testro