Module 45 · Advanced · 6 lessons · about 51 min

Project cost control and reporting

Control cost by item and nature, forecast to completion, recognise revenue, read WIP and close the month (Zeyto Construction & Contracting, pre-release).

What you will be able to do

  • Compute budget, committed, actual, ETC, forecast and variance by item and nature
  • Compute CPI, SPI, EAC, ETC and VAC and read the portfolio colour bands
  • Compute earned revenue, over or under billing and a loss provision
  • Read profitability and build a 13-week cash forecast
  • Choose the right report for a management question
  • Describe the approval rules and run the month-end close

Lessons

  1. 1. Budget, committed and actual by item 8 min
  2. 2. Estimate at completion and earned value 9 min
  3. 3. Revenue, WIP and over or under billing 9 min
  4. 4. Profitability and the 13-week cash forecast 8 min
  5. 5. The reports and the views that matter 8 min
  6. 6. Controls, approvals and the month-end close 9 min

Practice quiz (24 questions)Printable study sheet