Progress Weighting Percentage

Hello ,



Even in a lump sum contract you reach the total value of the contract by suming up several items/paragraphs of diferent areas and/or scopes.



In the structure of your plan include the necessary field(s) to cope with the structure mentioned before (contractual).



Then go to every activity and assign the appropriate code and its value as per contract (total of a certain code in P3 as to meet the contractual value wich means = 100%.



Doing the previous exercise for all activities/code you reach the total value of the contract and have attributed the weighted percentage.



There is only one problem: Normaly in the plan you want to control you cost not the selling price (which will be what you get with the previous exercise.



Alternative: assigne contractual codes and your cost in the structure of P3 - this also gives you relative weights. Export the weights to Excel and calculate selling price (contractual) by applying the relative weights towards the contractual value.



For additionals: Give a different code (cost, etc) in P3 and not the same as the original contractual scope - with this ypu will allways know what was original scope / additionals and Big totals.



BR

JMFrade

but how you can assign % weights of activities in



Item rate Contract

if you have any idea please

We are speaking here about Progress weight not about costs loading, however even if its a lumpsum contract you might have an approved variation which require a revision for the progress weight factor for some related activities to the variation.



But the rule is to ignore any minor addition in activities or quantities, as its preferred not to mess around with you progress weight already assigned.



Thats my point of View



Adios

This is normal practice what we we doing

but this is only valid when the scope is well defined and the project is on lump sum( fixed Cost contracting)



but how we assign weight to the project where the cost is not fixed like item rate contracts?????

The main Idea is to give a weight to each activity as a budgeted quantity of a resource.



First get the consultant approval on how to breakdown the 100% progress (i.e. From the BOQ rates give a percent for each activity or group of activities as per their costs or budgeted manhours or both together)



Then Start on your target program to load these % for each activity by adding a resource for each one of them called (WGHT) for example, then assign the percentage you got from the BOQ as the budgeted quantity for that resource in each activity, and make sure that the cummulative will be 100%.



You can now get the progress curve by running a graphic report for resources filtering that resource (WGHT) and compare it vs the target as well.



Hope that was helpfull

calculate weight for all activities

assign all these to all of activities

and get planned curve

have fun