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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Adding Expenses in Primavera P6

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.

Cost Management in Primavera P6 Professional Adding Expenses in Primavera P6

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Hey, welcome back. Let’s have a look at the procurement area of a railcar maintenance facility to understand some examples of how we can use expenses. So we have some procurement items that are being manufactured specifically for this project. We may want to add those items and we may want to add the expense cost of those items right into the project. Have a notice that each of these items is actually a finished milestone. That’s okay. We are allowed to apply expense cost to milestones.

We are not allowed as you can see here on the resources tab to apply resource costs or resources to any milestone in primavera P6. However, we can apply expenses. So on the expense tab we can simply add an expense. Let’s give the expense a name. We will match the activity name and we can also specify an expense category.

Now again these are customizable and can be set up to match your particular project or your enterprise. So here we will label these as materials. Okay, I am going to skip accrual type for a moment and talk about the units. You have all sorts of options here if you like you could put one unit and the price of the entire delivery or if you like you could break it down into the units of each individual rail. So we could put $14.95 taken from the description here. The price per unit of those let’s say $500 to give us a total budgeted cost for that item...

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