Cost Management in Primavera P6 Professional

1
Cost Management Concepts
11m 18s

Let's kickstart this Primavera P6 course off by exploring the benefits of cost-loading a schedule. Why bother? What are the key advantages? We'll also dig into the concepts of Top-Down Planning versus Bottom-Up Planning - 2 accepted methods used in many industries. And we'll explore which one Primavera P6 does best and why. Not only that, you'll get an overview of the 2 ways to enter planned costs in Primavera P6 Professional. Learn all about these cost management concepts in this video.
2
Resource Costs
9m 46s

We'll start to learn about cost-loading schedules in Primavera P6 as we explore costs related to labor, non-labor and material resource costs.
3
Setting a Default Resource Rate for the Project
2m 43s

When working with Resource Costs, you'll need to be familiar with Primavera P6's resource rates. In this lesson, you'll learn how to ensure every new resource assigned to your project gets the same default resource rate - an important concept for maintaining consistency of resource rates throughout your project.
4
Increasing Resource Rates in Primavera P6
7m 17s

Learn how to increase resource rates in Primavera P6 during the project. We'll walk you through the setup of increasing or decreasing resource rates in Primavera P6.
5
Overriding Resource Rates in Primavera P6
4m 24s

Occasionally, you may want to incorporate a special one-time cost or rate in your cost management plan. This lesson will teach you how to override Primavera P6's resource rates to incorporate those special circumstances.
6
Expense Costs in Primavera P6
3m 04s

Expense costs add a versatility to cost management in Primavera P6 that resource costs don't offer. Learn about using Expense Costs in Primavera P6 to cost-load your project.
7
Adding Expenses in Primavera P6
5m 34s

Learn about cost-loading a schedule by adding expenses in Primavera P6. In this course lesson, you'll learn how to add expenses to any activity following a simple process.
8
Cost Loading a Project in Primavera P6: Step by Step
7m 30s

In this lesson, we'll take you step-by-step through the process of cost-loading a project in Primavera P6. We'll take you through adding both resource and expense costs. Get some real practice working with costs in Primavera P6.
9
Using WBS Summary & Level of Effort for Cost Loading in Primavera P6
13m 09s

In this lesson, learn about top-down cost management practices in Primavera P6 using special activity types. We'll teach you how to use WBS Summary and Level of Effort activities to help you plan and track high-level costs in your project. These special activity types are versatile and can help you ensure you're capturing all of your costs in Primavera P6.
10
Workshop: Cost Management in Primavera P6 Professional

This hands-on workshop will challenge you to put your cost management learning to the test. Try the exercises and follow each step and refer to the lessons for help.
Final Course Quiz: Cost Management In Primavera P6 Professional Course
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Overriding Resource Rates in Primavera P6

Occasionally, you may want to incorporate a special one-time cost or rate in your cost management plan. This lesson will teach you how to override Primavera P6's resource rates to incorporate those special circumstances.

Cost Management in Primavera P6 Professional Overriding Resource Rates in Primavera P6

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Hi, it’s Michael again. In this lesson we will talk about how we can override rate? There’s some features in P6 you want to be aware of and those features basically allow you to override the standard rates that are assigned resources as well as the budgeted cost that are calculated by units times rate. So let’s dive in.

The first thing you want to nice is that anywhere we have a budgeted cost we can actually edit that. We can edit the field and put in any value we like. I have changed it from 60 to a $100,000. Now that’s great and it seems like it stays there but just be aware that it’s not permanent if I do recalculate the assignment cost, it will be reverted. So how can I actually override the cost and make it stick.

Well, we are going to add a few columns to this view. We will simply right click on the column hitter to get this mini window, customize the columns and in the general area, we will go down and we will find two columns. The first one is called calculate cost from units. So add that in. The next one is called rate source. Go ahead and add those two in.

Let’s start with calculate cost from units. As you can see it’s simply a check box. So this check box ensures that the units times the price is how we calculate budgeted cost. But as you saw we could override that and if we want to be able to override it, and make it s...

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