In my previous answer I put some questions; they are still valid.
Here are some obvious mistakes by the contractor; either by the above items or by data entry. Maybe the scheduler is confused by actual / remaining / at completion or to work with different currencies. Which currency is shown in the report, which in the data? Actuals must match the payments.
Variances may occur due to calculation of foreign currencies; but these can only be by mistake.
I was reviewing Contractor schedule submittal, Contractor has submitted the schedule with S surve (activity usage profile)/cost histogram from prima vera as report. While looking at activity usage profile the actual values (actual expense cost ) shown by profile does not match the actual monthly bills we paid to contractor.
Cost is loaded as expense and % complete is physical.
My question is that the actuals expense as visible from profile should match monthly bills paid to contractor for that month. We pay according to physical progress every month.
Cost profile show 6 million for May and 5 million for June, but the work done (bill paid) in May was worth 2 million and in June was 3 million. pl reply
I was reviewing Contractor schedule submittal, Contractor has submitted the schedule with S surve (activity usage profile)/cost histogram from prima vera as report. While looking at activity usage profile the actual values (actual expense cost ) shown by profile does not match the actual monthly bills we paid to contractor.
Cost is loaded as expense and % complete is physical.
My question is that the actuals expense as visible from profile should match monthly bills paid to contractor for that month. We pay according to physical progress every month.
Cost profile show 6 million for May and 5 million for June, but the work done (bill paid) in May was worth 2 million and in June was 3 million. pl reply
Member for
18 years 9 months
Member for18 years10 months
Submitted by Dieter Wambach on Mon, 2014-09-08 19:34
Member for
18 years 9 monthsIbraham In my previous answer
Ibraham
In my previous answer I put some questions; they are still valid.
Here are some obvious mistakes by the contractor; either by the above items or by data entry. Maybe the scheduler is confused by actual / remaining / at completion or to work with different currencies. Which currency is shown in the report, which in the data? Actuals must match the payments.
Variances may occur due to calculation of foreign currencies; but these can only be by mistake.
Regards
Dieter
Member for
11 years 2 monthsI was reviewing Contractor
I was reviewing Contractor schedule submittal, Contractor has submitted the schedule with S surve (activity usage profile)/cost histogram from prima vera as report. While looking at activity usage profile the actual values (actual expense cost ) shown by profile does not match the actual monthly bills we paid to contractor.
Cost is loaded as expense and % complete is physical.
My question is that the actuals expense as visible from profile should match monthly bills paid to contractor for that month. We pay according to physical progress every month.
Cost profile show 6 million for May and 5 million for June, but the work done (bill paid) in May was worth 2 million and in June was 3 million. pl reply
Member for
11 years 2 monthsI was reviewing Contractor
I was reviewing Contractor schedule submittal, Contractor has submitted the schedule with S surve (activity usage profile)/cost histogram from prima vera as report. While looking at activity usage profile the actual values (actual expense cost ) shown by profile does not match the actual monthly bills we paid to contractor.
Cost is loaded as expense and % complete is physical.
My question is that the actuals expense as visible from profile should match monthly bills paid to contractor for that month. We pay according to physical progress every month.
Cost profile show 6 million for May and 5 million for June, but the work done (bill paid) in May was worth 2 million and in June was 3 million. pl reply
Member for
18 years 9 monthsIbraham Welcome to PP Was
Ibraham
Welcome to PP
Was this the first time such a variance happened? How is the cumulated amount?
My first idea is to check if "Auto compute actuals" is set for expenses.
Second is if you are using financial periods.
Was the project open from which you took the actials? If not: Did you run "Summarize"?
Good luck!
Dieter