Website Upgrade Incoming - we're working on a new look (and speed!) standby while we deliver the project

Tips on using this forum..

(1) Explain your problem, don't simply post "This isn't working". What were you doing when you faced the problem? What have you tried to resolve - did you look for a solution using "Search" ? Has it happened just once or several times?

(2) It's also good to get feedback when a solution is found, return to the original post to explain how it was resolved so that more people can also use the results.

Cost Control - EPC Project

4 replies [Last post]
Thu, 2017-09-14 09:05
Jithin Kambhikanam
User offline. Last seen 9 weeks 1 day ago. Offline
Joined: 22 Mar 2011
Posts: 200
Groups: GPC Qatar, Petro-Chem / Oil & Gas, Planning, Claims & Contracting, TURNAROUND & SHUTDOWN (T/A & S/D)

Hello Everyone,

I work in a Oil & Gas EPC Company and part of my job is Cost control. I did Cost Control without any coding in a spreadsheet which I used to compare with the budgeted Cost.

 

I would like to get in detail of Cost Control. Could anyone over here link me or send me to a article/website which would show in detail of how cost control is done.

 

Regards

Jithin

Top

Replies

Mon, 2017-09-25 09:19
#1
Jithin Kambhikanam
User offline. Last seen 9 weeks 1 day ago. Offline
Joined: 22 Mar 2011
Posts: 200
Groups: GPC Qatar, Petro-Chem / Oil & Gas, Planning, Claims & Contracting, TURNAROUND & SHUTDOWN (T/A & S/D)

Hi Zoltan,

 

So you mean that I would have to make "Resource ID " for all those 600 or 700 Equipments". Equipments I meant to say Pumps or Substations or AHU...etc.

 

So for each Manpower (by Trade), Material (By Item) and Equipment (By Trade) each should have a separate Resource ID which all in together would be 100's or 1000's.

 

Regards

Jithin

Top
Tue, 2017-09-19 12:35
#2
Zoltan Palffy
User offline. Last seen 3 weeks 6 days ago. Offline
Joined: 13 Jul 2009
Posts: 3089
Groups: None

yes I think you have it now

Top
Thu, 2017-09-14 13:08
#3
Jithin Kambhikanam
User offline. Last seen 9 weeks 1 day ago. Offline
Joined: 22 Mar 2011
Posts: 200
Groups: GPC Qatar, Petro-Chem / Oil & Gas, Planning, Claims & Contracting, TURNAROUND & SHUTDOWN (T/A & S/D)

Hi Zoltan,

 

Thank you very much.

 

But you would have to define the resource first right. And resource could be,

 

Labor

Nonlabor

Material 

 

So shoudlnt you put Price / Unit. Say if its a Equipment - IT would be under MAterial I guess. So you would have a unit price for that Pump. So what if there is 600 700 equipments.

 

Should all of those be defined in the "Resource Tab" with the Unit Price.

Regards

Jithin 

Top
Thu, 2017-09-14 12:19
#4
Zoltan Palffy
User offline. Last seen 3 weeks 6 days ago. Offline
Joined: 13 Jul 2009
Posts: 3089
Groups: None

it does not matter what industry that you are in. Bascially you set up your resources then you assign the resources to the activities then you put in the budgeted cost and manhours in the resource for each activity. If you would like to you can also assign cost codes to the resources. Then you start to update your schedule by apply actual cost against these activities to track how you are performing making any necessary adjustments as you progress through your project. Rememeber to add aadditional change order work to your schedule thereby adding additionla resources. 

Top