AAOM Handbook

SET EXPENDITURE SCHEDULE Purpose: To specify the expenditures required for the Operating Master Schedule.

Updated: 09/2019

Work Centre Planning

Work Management/ Costing Systems Job Templates/Cost Collectors

ASSIGN RESOURCE COSTS

ES.01 Is Resource &

No

Cost Data Available?

ES.02 Apply Resource Types & Cost Yes

ES.03 Estimate Resource Types & Costs

FORECAST FIXED & VARIABLE RESOURCE DEMAND

TRANSLATE ACTUAL COSTS INTO COST MODEL INPUTS

ES.08 Extract Work Centre Demand

ES.04 Import Activity Actual Cost Data

Operating Master Schedule & Cost Model

Set Performance Targets ST.06 Are Performance Target Confidence Levels Met?

DETERMINE CONFIDENCE LEVELS

ES.07 Calculate Cost Distributions and Confidence level

VALIDATE SPENDING DECISIONS

ES.06 Estimate Best & Worst Case costs, opportunities & threats

ES.09 Create/Update Expenditure Schedule (costed OMS working revision)

ES.05 Validate Most Likely Activity Cost

Work Approval WA.10 Is the work within EPS?

Copyright; McAlear Management Consultants 2004.