Overruns: Forecast at Completion, Variance % and Approval Flags
This lesson is part of the course
In this lesson
You project the final cost of each cost category of a fictional project from its actual cost and percentage complete, compute the cost to complete, the variance against budget, an approval flag with IFS and the overrun the contingency cannot cover.
Buy the course once for $9.99 to unlock every lesson and lab, the final exam and the certificate – lifetime access, no subscription.
Lessons in this course
- The Project Budget: Approved Amount, Cost Categories, Commitments & Actuals Locked
- Capitalise or Expense? Classifying Project Costs with a Policy Table Locked
- The Assets-Under-Construction Ledger: Monthly Additions, Running Balance & Reconciliation Locked
- Borrowing Costs: Weighted Spending × Rate × Time, Capped at the Real Interest Locked
- Overruns: Forecast at Completion, Variance % and Approval Flags Locked
- Commissioning: Final Cost, Components & Useful Lives Locked
- Depreciation Start: Available-for-Use Date, Pro-Rata Months & the First Three Years Locked
- Project Close-Out: Transfer to the Asset Register, AUC = 0 & the Final Summary Locked