Rate Change in P6

Be reminded that cost increases usually happen in steps many times during project duration and might require periodic updating. In the following example within project duration Resource A cost had 2 price increases. The procedure must be easy to apply and edit to expectd multiple price increases within project duration for all cost items.

Hi Samuel,

If you wanted the remaining duration will carry the new rate there is also a way in P6. Assuming that you already setup the effectivity rate of the resources see below step so all in-progress activity will carry a new rate for the remaining duration.

Step 1: Make sure that the Resource Assignment - "Recalculate Actual Units and Cost when duration % complete change" is un-tick.

Step 2: Make sure that "Resource can be assigned to the same activity more than once" is ticked

Step 3: Assign a new resource (same resource) on the in-progress activity

Step 4: On the resource tab, show Actual Start and Actual Finish Date, Start and Finish date

Step 5: Make the first resource as complete by entering the actual and finish date

Step 6: Make the second resource as no progress and having a remaining duration date.

See below example:

Try using performance periods.  I am not sure how it will work in P6 as I do not use it but I am aware of it.  I use Spider Project and we do not have the need to use performance periods them as Spider can figure the correct distribution automatically using basig math.

More interesting is the case where you need to include projected price increase, inflation is a very common scenario.  In Spider Project we use Cost periods to reflect projected changes of project costs. The user can create cost periods if it is needed to change planned cost of cost components, materials and resources in certain project periods.  I have no idea how this is done in P6 but there must be a way.

Good luck.

Hi Samuel,

You have 2 options:

Option 1:

Change the rate source to Override and manually type the old rate for all in-progress activities that you don't want the rate change to new rate.

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Option 2:

Create a Role with old rate as unit price.

Assign a Role created to resources for all in-porogress activities that you don't want the rate change to new rate.

Change the rate source to Role and the rate will automatically change to old rate or role rate.

 

Both options will have same result and will use the old rate as the rate for the said resource.