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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Expense Costs in Primavera P6

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.

Cost Management in Primavera P6 Professional Expense Costs in Primavera P6

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Hi welcome back to the course. In this lesson, we will start our discussion of the other type of cost in Primavera P6. That is not resource cost but we will call expense cost. Now to start I want to discuss a little bit about the differences between resource cost and expense cost. We talked about the really briefly at the onset of the course a little bit deeper right now.

Here we have two examples of typical costs on a construction project. On the left, we have construction or in this case deconstruction work and on the right we have some sort of transportation cost. Now let’s see if we can understand the differences and how we might cost these out in primavera. Now if you remember construction work is typically governed by these equations.

We have some sort of activity duration and our resources are going to work some sort of hours per day to give us a total number of workout for that activity. Then we multiply the work hours times the hourly rate to get a cost.

Now I have shown you some ways we can override that and do different things but in general these are the typical equations that govern costs for resource work in Primavera. In contrast, if we look at the transportation cost, it’s more of a fixed cost and what I mean by that is it’s not governed by the duration of the activity. So typically when we transport equipment from one sid...

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