To close a Construction Phase project, follow the steps below:
Step 1: Go to your projects
Login to your account and locate the project you would like to close in your "Projects"list.
Step 2: Click on the status menu
Click on the related project's status menu and select "Complete" from the list.
Step 3: Add result information
Type in your project's result information for company reporting purposes (this information cannot be viewed by anyone outside your company), then click the "SAVE" button to close the project.
If your team has been utilising the project's Extension of Time (EOT) module, the working week, Original PC date, Actual PC date and Approved EOT days will be automatically populated.
These metrics give us the "Forecast v Actual Days (+/-)" figure that provides insight in to how many days ahead (-) or behind (+) schedule the project was completed.
This metric takes in to account the project's working days and can be calculated using the below formula:
Forecast vs Actual Days = Actual PC date - Original PC date - Approved EOT days
In the example below, the project was completed three days ahead of schedule.
Need to know more about closing a project? Shoot us an email at email@example.com and our customer success team will be in touch.
Please sign in to leave a comment.