Cost Overrun Calculator For Project Mangers and Owners

Cost Calculator

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This calculator was created as a post-mortem project evaluation tool to assist project managers and owners uncover issues that typically lead to schedule slippage or cost overrun. There are a plethora of risks associated with construction projects, but realized risks don't have to repeat themselves. All it takes is accurate awareness as to where the issues exist and how to correct them to avoid experiencing them again in a future project. Our hope is to assist in pinpointing where project execution processes can be improved, along with utilizing factual data to assist in benchmarking realistic and measurable goals for future projects.

Above all else, and consistent with the Owner Insite objective, project and organizational success guided the development of this tool, and we hope it adds value to your role within your organization and your projects.

Totals

Total $ Overrun	Total Time (Days) Overrun

Issues

No. of Contigencies	Original Contingency Budget ($)	Hours Allotted for Contingencies	Final Contingency Cost	Realized Hours Spent on Contingencies	$ Overrun	Time Overrun (Days)

Change Orders

Contractor Name	No. of Org Members On Project	Original Contract Amount	Final Contract Amount	Original Est. Completion Date	Final Complete Date	$ Overrun	Time Overrun (Days)

Inspection Failures

Days Delayed Due to Failure	Fine Amount ($)	Fine Amount ($)	Fine Amount ($)	Fine Amount ($)	Fine Amount ($)	Fine Amount ($)	$ Overrun	Time Overrun (Days)

Damages By Personnel

Original Unit Cost	No. Units Damaged	Hours to Repair	Cost to Repair ($/Hr)	Reorder Unit Cost	Reorder Shipping Cost	Reorder Date	Reorder Delivery Date	$ Overrun	Time Overrun (Days)

Avoidable Weather Incidents

Date of Incident	Weather Type	Name of Damaged Item	Original Cost of Item/Unit ($)	No. of Units Damaged	Reorder Unit Price	No. of Units Reordered	Reorder Shipping Cost	Reorder Date Received	Impacted Wage paid(Hrs)	Impacted Wage rate($/Hr)	$ Overrun	Time Overrun (Days)

Duplicated Task Delegation

Task Worked	No. of People Needed	No. of People Working	Total Hours Needed for Task	Total Realized Hours Worked	Hourly Wage of Personnel ($/Hr)	$ Overrun	Time Overrun (Days)

Information Delay

Date of Origination	Expected Date of Responce	Realized Response Date	Impacted Wages Piad (Hrs)	Impacted Wages Rate ($/Hr)	$ Overrun	Time Overrun (Days)

Defective Materials

Original Price/Unit	No. Units Defective	Reorder Unit Price	Reorder Shipping Cost	No. Units Reordered	Original Order Date	Original Delivery Date	Reorder Date	Reorder Delivery Date	Impacted Wage paid(hrs)	Impacted Wage rate($/hr)	$ Overrun	Time Overrun (Days)

Shipment Delay

Estimated Delivery Date	Actual Delivery Date	Impacted Wage Paid (Hrs)	Impacted Wage Rate($/Hr)	Cancellation Investment Lost	Original Shipping Cost Total	New Shipping Cost Total (If Applicable)	$ Overrun	Time Overrun (Days)

Lawsuits & Litigations (Previous Project)

Type of Lawsuit	Total Lawyer Fees	Cost of Court Fees	Date of Filing	Date of Ruling	$ Overrun	Time Overrun (Days)

Voided Warranties (Previous Project)

Item Warrantied	Date of First Purchase	Length of warranty (Years)	Date Warranty Was Voided	Original Cost of Item	Cost of Service	Original Service Date	Cost of Reorder	Date Replaced	$ Overrun	Time Overrun (Days)

Totals

Total $ Overrun	Total Time (Days) Overrun