Construction Project Management
Planning & Scheduling
Bar Charts
Building a CPM Schedule
Networks & Logic
CPM Scheduling
Logic Relationships & Precedence Networks
Progress Updating

Optional Step – Resource + Cost Loading

Not all projects need to be cost and resource loaded, but that doesn't mean it doesn't benefit you. Find out what goes into cost and resource-loading a schedule.

Join Plan Academy now to get access to the full course.

In the previous steps, we have built a schedule and the schedule basically calculates the time aspect of the project and each of the activities. Now there are optional steps that can enhance the project and can give it more information if we like to. One of them is cost loading or resource loading. Well, both of these are important. They give each activity the budget that's assigned to. Cost loading gives it in terms of money, dollars, or euros or whatever the currency we're using.

Resource loading it's in terms of resources, labor, material, equipment, and those resources are usually priced in the resource dictionary of that program. It can tell how much a cubic meter of concrete makes or a ton of steel or blocks, concrete blocks, and how much labor it would cost you per day or per hour or a piece of equipment. And with this resource dictionary, their program can calculate the budget of each activity.

We can also do resource leveling if we have the resource loaded. Resource leveling is an optimization technique that will be explained later on. We can do cash flow analysis and forecast, that's a very important thing. In fact, when we do the schedule which is the chronological progress of the project and cost loaded, we know how much money we're spending each unit of time. So in this case, we can create the cash flow for the diagram for the project.

...

For questions about this course please visit this course's Community Forum.

Course Community Forum