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Cost Worksheet 101
Steve KellyPresident / Consultant
Pro Management Systems, Inc. (USA)BluESP Management Systems (Pty) Ltd (South Africa)
[email protected] #84770
• Who am I• Who are you• Basic Information
– Ask Questions– Don’t leave– Ask more questions– If you leave…..
Introductions
Typical reactions to the Cost Worksheet...
• What is it?• Why should I use it?• What does it tell me?• It looks complicated.• My Accounting systems tells me the costs.• I’m an executive, this is a lot of detail.• Bla bla bla
Details of the Cost Worksheet
• Categories (there are 4+)• Cost Codes• Original vs Pending vs Procured vs
Committed vs Actual vs ???
BUDGETCost Code
Original Budget
Approved Revisions
Pending Budget
RevisionsCurrent Budget
Adjust-ments
Estimated Budget
RevisionsProjected Budget
Con
tract
App
rove
d C
hang
e O
rder
s
Rev
ised
Con
tract
Am
ount
Ow
ner N
OC
(est
)
Not
Use
d
Pen
ding
Cha
nges
Est
imat
e at
Com
plet
ion
HISTORY
COMMITMENTCost Code
Original Contracts
Approved Revisions
Pending Contract
RevisionsCurrent
ContractsAdjust-ments
Estimated Contract
Revisions
Projected Contracts
EACC
ontra
ct
App
rove
d C
hang
e O
rder
s
Rev
ised
Con
tract
Am
ount
Ow
ner N
OC
(est
)
Fore
cast
/ Tr
end
Pen
ding
Cha
nges
Est
imat
e at
Com
plet
ion
HISTORY
Advanced Cost Worksheet
• Trends• Forecasting• Seeing potential cost overruns• Manage Contingency• Roll up reporting• Multi-Project (executive) reporting
