1. Cost Worksheet 101
Steve Kelly
President / Consultant
Pro Management Systems, Inc. (USA)
BluESP Management Systems (Pty) Ltd (South Africa)
stevek@promanagementsystems.comn
ID #84770

2. • Who am I
• Who are you
• Basic Information
– Ask Questions
– Don’t leave
– Ask more questions
– If you leave…..
Introductions

3. 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

4. Details of the Cost Worksheet
• Categories (there are 4+)
• Cost Codes
• Original vs Pending vs Procured vs
Committed vs Actual vs ???

6. BUDGET
Cost
Code
Original
Budget
Approved
Revisions
Pending
Budget
Revisions
Current
Budget
Adjust-
ments
Estimated
Budget
Revisions
Projected
Budget
Contract
ApprovedChangeOrders
RevisedContractAmount
OwnerNOC(est)
NotUsed
PendingChanges
EstimateatCompletion
HISTORY

7. COMMITMENT
Cost
Code
Original
Contracts
Approved
Revisions
Pending
Contract
Revisions
Current
Contracts
Adjust-
ments
Estimated
Contract
Revisions
Projected
Contracts
EAC
Contract
ApprovedChangeOrders
RevisedContractAmount
OwnerNOC(est)
Forecast/Trend
PendingChanges
EstimateatCompletion
HISTORY

8. Advanced Cost Worksheet
• Trends
• Forecasting
• Seeing potential cost overruns
• Manage Contingency
• Roll up reporting
• Multi-Project (executive) reporting