This chapter contains the topic:
You can review all of the information related to a project or job at any time during the progress of the work. You review jobs to:
Determine where potential problems exist by focusing on projected budget and cost variances
Monitor the progress of subcontracts and material commitments
Identify financial errors, such as underestimating budget amounts
Track and identify other problems within a project or job
You can then adjust your project or job, as necessary.
For example, assume you are contracted to build a large regional airport. The airport is your project, and each subproject within it, such as the main terminal building, the automated baggage system, the airport access road, and so on, is a separate job.
Each job can be divided into a number of work items. For example, the main terminal building job can be divided into work items including:
Site work
Concrete
Masonry
Metals
Thermal and moisture protection
Electrical
In addition, each work item can be further divided into a series of tasks. For example, the site-work work item can be divided into:
Clearing and grading
Sewer work
Paving and surfacing
You can review the information related to each level of your cost code structure and then make schedule and budget changes, as necessary.
You also review the costs associated with the plumbing subcontractor working on the sewer-work work item and find that the actual costs are greater than the commitments. You can adjust the commitments to compensate for the extra costs.
You must first create a specific project or job in your system. You can then review the cost code structure information.
Complete the following tasks:
Locate a project or job
Work with a project or job