09.3.3.1.1.1 Units Completed or Units in Place Method This is the most common and the preferred method whenever possible. Example 1 - There are 10,000 linear meters of 12” pipe to be installed. The contractor has installed 4,000 meters, had the welds x-rayed and the pipe has been tested per the contract requirements. Therefore we can say that 4,000 LM / 10,000 LM = 40% physically completed.
- But the proposed data collection sheet does not include the production quantities, do not even include a rudimentary calculation of % complete. You cannot manage the schedule if you do not know your production rate, elapse of time does not tells you how much was produced.
[1]- A better and more transparent approach would be to include team production quantities per reporting period within the schedule/unit-costing database. The with this data you shall be able to report on production rates essential to give meaning to the cost amount.
[1]- As I said before our hands down approach is to track costs using the unit-costing available within the financial software because of the amount of data items and use the CPM model to make future projections even when theoretically more functional CPM software such as Spider Project can do it.
[This post moved here by GPC Admin so this point can be given specific attention and actioned]