Guys,
When we come to report progress in a S Curve, i believe that neither Cost no Manhours will be enough to give a proper figure of how actually did we progress with the project.
Am working on a EPC porject where the project engineer asked me to comine a weight factor based on Cost & Manhours together, which will be used to report project progress.
Is there any practical formula which can be applied on different catgories to assign activity weight based on the combination of the percentage of cost (value) & manhours compared to the overall effort ?
Am sure that the formula will change from a phase to another (design, procurement, execution ... )
Can i have some ideas here ?
Regards,
Moe
When we come to report progress in a S Curve, i believe that neither Cost no Manhours will be enough to give a proper figure of how actually did we progress with the project.
Am working on a EPC porject where the project engineer asked me to comine a weight factor based on Cost & Manhours together, which will be used to report project progress.
Is there any practical formula which can be applied on different catgories to assign activity weight based on the combination of the percentage of cost (value) & manhours compared to the overall effort ?
Am sure that the formula will change from a phase to another (design, procurement, execution ... )
Can i have some ideas here ?
Regards,
Moe