PERT and cost

[ageped]

I would like to perform a PERT-analysis on costs, not duration. Anyone know how?

 

[Mike Glen]

Hi ageped,

Welcome to this Microsoft Project newsgroup

This isn't directly possible within Project because of the way Project
calculates costs. For a PERT analysis you input three times - worst
estimate, best estimate and most likely estimate of the duration. Project
will then take the resource cost figure, multiply it by each of the three
durations and thus give 3 cost values. There is no way you can enter 3
resource cost figures to be taken into account, unless you create 3 versions
of the same project. You would then have to consider 3 entries of fixed
costs which only have one field. Not feasible - sorry.

FAQs, companion products and other useful Project information can be seen at
this web address: <http://www.mvps.org/project/>

Hope this helps - please let us know how you get on

Mike Glen
MS Project MVP

I would like to perform a PERT-analysis on costs, not duration. Anyone

know how?

 

[Steve House]

Duration determines costs since the costs of the project are the costs
of the resources employed to bring it in, the cost of the man-hours of
work the project requires. Thus if you do a PERT on duration you *are*
doing a PERT on costs, albeit indirectly.

--
Steve House
MS Project MVP
Visit http://www.mvps.org/project/faqs.htm for the FAQs

I would like to perform a PERT-analysis on costs, not duration. Anyone

know how?