This document provides information about a session on cost forecasting, schedule management, and cash flow presented by Richard Tregaskes of Faithful+Gould. Faithful+Gould is an international cost and project management consultancy. The session discusses the importance of cash flow forecasting for capital projects, and provides an overview of how to develop forecasts by tying costs to tasks, attaching durations, and integrating with other project management and financial systems. Participants are asked to complete an evaluation of the session.

1. REMINDER
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Cost Forecasting, Schedule
Management & Cash Flow
Prepared by:
Richard Tregaskes
Senior Project Manager
Faithful+Gould
Session ID#: 15428

2. Faithful+Gould is a multinational cost and project management
consultancy, providing expertise for construction and
engineering projects in transport, property and industry.
We have:
■ 2,000 experienced professionals
■ We are part of the Atkins Group, which
employs 18,000 professionals
■ An international network of offices in
the United Kingdom and Europe, the
Americas, Asia Pacific and the Middle
East and India

3. Within any organization, cash is the
ultimate metric. It is the lifeblood
that lets companies operate, invest
and grow.

4. Cash requirements can always be difficult
to estimate

5. Cash forecasting, particularly for capital
projects, is essential
Cash Forecast
Other
Cash
Demands
Project
Schedules
Project
Budgets

6. Take Ownership

7. All Invoicing Must be in the System

8. All Potential Changes Must Be in the System

9. Schedule Changes

10. Integrate with other Systems

11. Project Management Systems

12. ERP Systems

13. Keep in Use – Post Completion
Cash Flow ROI
Schedule
Cost
Project
Execution
Facilities
Forecasts
Planned
Projects
Project
Prioritization
New
Projects

14. Historical Reporting

15. Cost Forecasting

16. Operating Costs
Operating
Costs
Security
Insurance
Municipal
Rates &
Taxes
Water &
Electricity
Cleaning &
Maintenance

17. Project Costs

18. Contingencies
Project Budget
Cost Baseline
Management
Reserves
Cost Estimate
Contingency
Reserves

19. Cost Estimate

20. Historical Costs

21. Future Projections

22. Cash Profile

23. Tie Costs to Tasks

24. Attach Durations to Tasks

25. Profile Spend Across the Task

26. Schedule Management

27. Determine Master Schedule

28. Level 1 Elements of Your WBS

29. Level 2 and Onwards

30. Require Updates with Every Invoice / Pay
App

31. Push Schedule Updates from P6 EPPM

32. Portfolio Planning

33. Group Projects into Portfolios

34. Use Actual Project Data to Update Forecasts

35. View Effects of Portfolio Changing on Cash
Forecasts

36. Systems Can Increase Complexity

37. Keep It Simple

38. Take the Time to Plan Properly

39. Benefit from the Results

40. Contact Information
Richard Tregaskes
Senior Project Manager
Faithful+Gould
3020 Old Ranch Parkway, Suite 180
Seal Beach, CA 90740
Tel: +1 562 314 4200 DDI: +1 562 314 4196

41. Please complete the session
evaluation
We appreciate your feedback and insight
You may complete the session evaluation either
on paper or online via the mobile app