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Cost Loading in P5?

5 replies [Last post]
Thu, 2007-04-26 13:48
Richard Asiimwe
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I have a contractor’s schedule that is supposed to be cost loaded? The contractor did not create cost accounts? In the total budget column there are some costs? Is there a way of cost loading a schedule in P5 without creating cost accounts? When I run the cost loading reports they are blank? Any help will be highly appreciated.

Thank you,

Richard

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Replies

Wed, 2011-12-14 08:50
#1
V Kutty
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Hi,

I am also trying to cost load. Would I be able to cost load a level of effort with resources? We tried it but weirdly it distributes the whole cost in the first month instead of the whole year the LOE is running for? I used a non labour resource.

Please let me know.

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Tue, 2007-11-20 12:31
#2
Mark Chapman
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Thanks Brad but I wanted to see if I could have actual v budget for CAs like you can do for WBS.
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Tue, 2007-11-20 11:33
#3
Brad Lord
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If you are simply trying to do cashflow assign a resource of £ and enter as a budgeted cost on whichever activities, If the programme is setup using a WBS you can assign a new task and with the WBS and change the activity type to WBS summary this is a quick way of doing hammocks on P5

regards

brad
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Tue, 2007-11-20 11:22
#4
Mark Chapman
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I was looking to add a cost account budget at cost account (CA)level but I guess this is not possible?
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Thu, 2007-04-26 18:41
#5
Rodel Marasigan
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Hi Richard,

There are 3 ways of entering the budget in P5. One is WBS level and the other two are in activity level. In activity level you can enter budget cost directly to budget field by selecting Labor Cost, Non-Labor Cost and Material Cost under status tab and budget expenses under expenses tab. The best way of entering budget cost is using resources level under resources tab. On resource level you can assign cost account. If resource level is used, it overrides the budget entered into status tab. You can assign resources cost as defined under resources setup (Enterprise-> Resources) wether Labor, Non Labor and Material. Expenses are only entered on expenses tab and will not show on resource module. The Total Budget column is the sum of Budget Labor Cost, Budget Non Labor Cost, Budget Material Cost and Expenses per activity. The WBS level budget have separate budget field and not added to total budget column. You can enter cost without assigning to cost account. Cost account is another grouping module in P5 which is just an option to use. You can produce your cost report using WBS level, Activity Code Level, Resource Group level and Cost Account level. Any of these breakdown structure are very useful if setup properly to have a meaningful report. It’s up to the user which levels or grouping to use when producing a report.

Hope these make sense and answer your query.

Regards,
Rodel
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