A cost-loaded schedule integrates project costs into the construction schedule, linking expenditures to specific project activities. It helps track cash flow, manage progress payments, and monitor budget performance.
Benefits of a Cost-Loaded Schedule
- Provides real-time financial tracking.
- Aligns project costs with work completed.
- Improves accuracy in Progress Billing.
Creating a Cost-Loaded Schedule
- Assign costs to each activity in the project timeline.
- Use project management software for tracking.
- Regularly update the schedule as work progresses.
Related Terms: Progress Billing,Earned Value Management (EVM) (EVM), Construction Scheduling, Critical Path Method
FAQs
What is the main purpose of a cost-loaded schedule?
A: To align project expenditures with actual work progress, ensuring accurate financial forecasting.
Can cost-loaded schedules help with dispute resolution?
A: Yes, they provide documentation of work completed and associated costs, reducing payment conflicts.