Accepts 10,000,000 or 10m
Average daily cost from similar completed projects
Adds 3.5% to cost per day, compounded, for each of those years
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How to determine cost per day
- Use historical project costs from similar, successfully completed projects — same type of work, similar scope and delivery method.
- For each completed project, divide its total cost by the days it actually took. Average those daily costs across as many similar projects as you can. That average is the starting cost per day.
- If the work will happen after this year, increase that average by 3.5% for each year beyond the current year, compounded. One year out: multiply by 1.035. Two years out: multiply by 1.035 twice, and so on.
Example: a $1,000,000 historical average two years beyond this year becomes $1,071,225 per day.
Duration
10 days
1.4 weeks
At $1,000,000 per day, a $10,000,000 project takes 10 days.
Weekly spend
$7,000,000
Calendar days
10 days
Target finish
Set a start date
Schedule
Weekdays only
Skip Saturday and Sunday
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Calculated from the start date plus the duration. Change budget, daily cost, or start date to update it.
Budget remaining
Straight-line burn until the budget is gone
Project Science Plan tool divides budget by a constant cost per day. It does not model ramps, retainage, holidays beyond weekends, or change orders. Saved projects stay in this browser.
For inquiries Phil Coomer - [email protected]
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