PDC Formula:
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Project Delay Cost (PDC) is a metric that calculates the average daily cost impact of delays in a project. It helps quantify the financial impact of project delays by averaging the delay costs over the total project duration.
The calculator uses the PDC formula:
Where:
Explanation: The equation calculates the average daily cost impact of delays by dividing the total delay costs by the total project duration.
Details: Calculating PDC helps project managers understand the financial impact of delays, make informed decisions about schedule adjustments, and justify additional resources or budget when needed.
Tips: Enter daily delay costs as comma-separated values (e.g., "100,200,150" for three days of delays costing 100, 200, and 150 currency units respectively). Enter the total project duration in days.
Q1: What units should I use for delay costs?
A: Use consistent currency units for all delay costs (e.g., all in dollars or all in euros).
Q2: Should I include zero values for days without delays?
A: No, only include actual delay costs. The calculator sums these values and divides by total project days.
Q3: How can I reduce PDC in my project?
A: Focus on critical path activities, improve risk management, allocate contingency reserves, and implement delay mitigation strategies.
Q4: Is PDC the same as liquidated damages?
A: No, PDC is a calculated metric while liquidated damages are predetermined penalties specified in contracts.
Q5: Can PDC be negative?
A: Typically no, since delay costs are usually positive values representing additional costs incurred.