How to define Project Actual Cost ?
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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.
Thanks Rodel for ur promptly reply,
ok thats 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........
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.