How to define Project Actual Cost ?

I
Irfan Khan 👤 Member for 16 years 11 months
R
Rodel Marasigan 👤 Member for 19 years 7 months

Irfan,

The most effective and accurate is using the BOQ and make it tally to your WBS and Cost Account then to Activities. Also assigned each cost account to responsible person taking care of that Cost and implementation so it will be easier to track and monitor.

I
Irfan Khan 👤 Member for 16 years 11 months

Thanks Rodel for ur promptly reply,



ok that’s fine, suppose i m going to define my Actual Cost on Material. I defined 5 Constructin phases & each phases have 5 activities and i have Cost of each phases separetaly.



1) should i divide cost of 1 phase & equaly put value in activities.



or give me any new idea....



thanks........










R
Rodel Marasigan 👤 Member for 19 years 7 months

Irfan,

It depends on the requirement and usage. If all of them are required then use all of them and allocate to cost account so it will be easier to track.

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