hi to all experts,
I am working with a recovery schedule. Which has been progressed upto 23.50%. Now scope of my contract has been changed.before total project value was 50 millions.now after lots of change order it is 70 millions.& invoice already claimed upto 50% my question is should i load total revised cost i.e. 70 million on my schedule or should i load cost based on remaining work. any promptly reply will be highly appreciated. thanx in advance......
Load only whatever cost added to remaining activities. Forget the cost for all completed activities, it is considered a sunk cost. Planning is iterative so while the project is progressing you need to replan, catchup the schedule and recompute the remaining level of efforts needed to complete your project. Make original durations intuitive equal to remaining.
Hi Irfan,
Agree with Raymund reply, total cost to be loaded and remaining shall show whatever balance per activity from data date.
Regards,
Sri
Irfan,
Load the Actual in the left side and remaining in the right side of the DD....
hi Irfan
I think you should load total revised cost . I am new to P6, so it's just an advice.