How to structure Cost Data using Breakdown Structures

How to structure Cost Data using Breakdown Structures

  Working as a project controller, you will very likely encounter long lists of commitments, actuals, and other cost data that need to be reported on a frequent basis. To ease the job of structuring the project data, breakdown structures prove to be the answer. They allow otherwise flat data to be viewed from many angles, serving the needs of the various stakeholders in the project, e.g. management, clients, and engineers.

  • How to use the right cost data for your area?

    Is the labour rate of a welder the same in Sweden as it is in Brazil? Probably not, you would say. But how much does it differ? And what does that difference depend on?    Is the labour rate the only thing you should take into account when choosing the right cost data or are there more factors to take into account? You would like to know what drives the differences in cost data when you’re working on a project estimation in a different region. Find out by reading this blog. 

  • How cost data impact the planning of your Engineering

    Engineering is paramount during all phases of the project life cycle: initiation, planning and design, implementation and closure. In this article, we have a closer look at the design phase and explore how data can help you improve the efficiency of engineering during the design phase.

  • Cost data to maximize the use of renewable energy

    Recent developments in the field of energy generation and distribution, as well as political trends, have had a noticeable impact on the energy generation market. The focal point for investments is steadily shifting towards the installation of renewable energy generation, despite private investors being cautious about taking the step. This development implies that a significant portion of new projects searches to exploit relatively new technologies.

  • How to keep your cost data up to date? 3 tips

    A little effort to maintain your cost data can prevent cost overruns in the long run.