I am attending the training of CCP preparation course with several tasks to be completed with tight schedule and limited resource (time & cost). In order to be able to finish the task on time and on budget, I would like to have my own cost baseline based on W16 CPM schedule to be followed.
DEVELOPMENT OF FEASIBLE ALTERNATIVES
There are some software’s available for scheduling and cost management hat can be used. In this blog, writer is choosing Primavera Project Management P6 V.7. By using this software we would be able to see the breakdown of the work, duration of each activity, and the cost baseline profile to be followed.
DEVELOPMENT OF OUTCOMES FOR EACH ALTERNATIVE
Each of the activities represents duration of each task and the total expected hours per week reflected on the calendar type of each activity. Based on this, we can develop the cost profile by multiplying the budget hours x time rate ($200 / hours).
SELECTION OF CRITERIA
Having put all the activities and to Primavera, It shows that the training preparation start on August 26 and project to be completed on February 14, 2014. The cost profile is developed from the expected hours of each activities x unit rate (US$ 200 / hour).
Figure 1. Activities, duration, and Bar Cart
Figure 2. Resource utilization during the course
ANALYSIS FOR THE ALTERNATIVES
Based on the above cost profile, it shows that major cost will be spent on the beginning of the training which is face to face training, and all distance learning. This cost profile represents the early start approach.
The other cost will be used at the end of the training which is shelf study to face the final exam.
SELECTION ON THE PREFERRED ALTERNATIVES
Due to this training is so demanding, we have to preserve the time in mostly in the beginning and the end of the training.
PERFORMANCE MONITORING AND POST EVALUATION RESULT
Once the training is started and the cost baseline completely developed, the next step is to update the actual status of each time period. The major concern is on the resource availability on the beginning and the end of the training. In case the resource is not sufficient in the certain period, resource leveling is an options.
Humphreys.G.C.(2011).Project Management Using Earn Value.CA: Humphreys & Associate Management Consultant.
United States Government Accountability Office.(2012).GAO Schedule Assessment Guide. Washington, DC: U.S. Government Printing Office.
Giammalvo, P.D. (2013). AACE Certification Preparation Course-3rd day module. (pp 55). Jakarta.