If you track project performance with earned value, the Fixed Cost field is what you want to use to track ancillary project costs like fees, travel, and training. In this video, learn about how to employ the Fixed Cost field for ancillary project costs.
- [Bonnie Biafore] Hi, I'm Bonnie Biafore. … In this Project tip I'll explain … when you want to use the Fixed Cost field … to track ancillary project costs. … And we'll look at how to do that. … Now, first of all, Cost Resources and the Fixed Cost field … can both track ancillary costs. … But they work with different project features. … So your decision about which one to use … could be really easy. … The big thing is Earned Value. … Cost Resources don't roll up into Earned Value fields, … so if you use Earned Value … to evaluate your project performance, … then you want to use the Fixed Cost field … for your ancillary costs. … So that's what we're going to do here. … In my project I'm looking at the Gantt chart view, … and I've just got the regular entry table. … But I want to look at costs, … so I'm going to head to the View tab. … And then in the Data section, click Tables and choose Cost. … Notice that the column right after task name is Fixed Cost. … So if you want to track ancillary costs …
Author
Updated
2/16/2021Released
1/9/2018Note: Because this is an ongoing series, viewers will not receive a certificate of completion.
Skill Level Intermediate
Duration
Views
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Video: Ancillary costs, part 1: Track with Fixed Cost fields