Menu

Performance-Based Cost Forecasting (EAC/ ETC)

What cost forecasting formula/ method do you use at every stage of your project? Check this video tutorial to learn what performance-based cost forecasting formula (EAC/ETC) is recommended at various stages of your project. Download the free audio mp3 podcast of this episode on iTunes. Want

How to Forecast the Cost at Completion of a Project

How do you forecast the cost at completion of your projects? There are various methods to cost forecasting. Check out this video to learn the “performance-based cost forecasting methods” using Earned Value Management. Download the free audio mp3 podcast of this episode on iTunes. Want more

How Top Down Estimation in Primavera P6 works

In Primavera, there is a function called Top Down Estimation, which helps you calculate an estimated figure for Labor and Non-labor unit based on “estimation weights”. Top Down Estimation can be applied to both the WBS and Activity. I will show you how Top Down Estimation works in Primavera

Challenges of a Cost Estimator’s Job

If anyone asks, ‘What do you like the most about being a cost estimating professional?”,   An owner’s cost estimator might say ‘the cost estimator plays an important role in an owner’s budgeting efforts for different projects.’  A cost estimator working for a consulting firm might say ‘In addition to supporting an owner’s budgeting efforts, the cost estimator is able to provide cost

Project Controls Plan Components

Have you ever been assigned to a project and were asked to develop a project related procedure, report, or presentation, but didn’t know exactly how?   Wouldn’t it be easier if you were given the structure and elements of your project report or procedure?  Watch