General Inquiries

Linking Budget to Construction Schedule

  • 1.  Linking Budget to Construction Schedule

    Posted 11-14-2019 16:41
    We have an Owner's Rep on a large residential project wanting an expense forecast which is tied to the schedule.

    Has anyone here tied their budgets to a schedule in MS Project or have a good way of forecasting?  I'm thinking about taking several past projects and averaging their monthly percent billed and presenting that to the Owner's Rep or tying those percentages to the schedule somehow.  This is a cost plus project.

    Diane Travis
    Haley Construction Company
    Prescott AZ
    (928) 445-1281

  • 2.  RE: Linking Budget to Construction Schedule

    Posted 11-15-2019 16:40
    Good morning Diane,

    We used to tie the budget to an S-curve in order to project future draw amounts.  ​This is not an exact science, but may be an inexpensive way to forecast expenses.

    Paul Gilcrease
    Assistant Vice President
    HUB International Insurance
    El Paso TX
    (915) 206-6055