In this video John Riopel covers entering actual costs that are independent from the Microsoft Project scheduling engine. Actual costs can come from the financial department in an organization and this method uses that option.
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- You've utilized Budget Cost information,…we currently have plan cost…information in our expense area,…and we've seen management reserve…as well as overhead type rates.…However, when we progress a Project file,…you typically want to manage either the…percent complete on a given task,…or you might want to use work or remaining work…along with actual work.…In our case, we want to manage the cost area…totally separate from Project calculating it.…
So, we're going to turn to our file Options.…And under the file Options,…if you recall under the Schedule area,…we had said in our last area…the actual costs were calculated by Project.…Since we want to enter these values manually,…we're going to deselect that option and press OK.…Now, we're going to return to our view ribbon…in our custom Budget Resource Usage view.…And now, insert here, we're going to add in…a column to allow us to…put in the values for those actual costs.…
So, we'll right click on the Cost column,…and insert that new column called Actual Cost.…So, here now we can put in the values…
Note: This course was designed in collaboration with author Bonnie Biafore.
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- Setting up budget resource costs
- Setting up rate tables
- Creating budget resources
- Entering values for budget cost and work and expense resources
- Comparing costs to budget values
- Reviewing costs
- Managing and reducing project costs
- Adding actual costs