Join Bonnie Biafore for an in-depth discussion in this video Accounting for overtime costs, part of Advanced Microsoft Project.
- How you handle overtime in Project…depends on whether people are paid extra for overtime hours.…Let's start by going to the resource sheet.…Salaried employees usually get paid the same…whether they work 40 hours a week or 60.…The Engineer has a standard rate of $125 per hour.…Now remember for a salaried person,…that rate usually covers salary, benefits…and a profit margin for the company.…What happens is to compare apples…to apples in different projects,…you charge your projects that standard rate…for every hour a salaried person works…whether they're regular or overtime hours.…
In other words, you don't even have…to use the overtime rate field for salaried employees.…So let's take a look at how you charge…for overtime with a salaried person.…I'm gonna head back to the Gantt Chart.…On the Task tab I click the top-half…of the Gantt Chart button.…The task Engineering design of course uses the Engineer.…When I click that task in the table,…down in the Task form I can see the Engineer is assigned…to work 32 hours in four days.…
Author
Bonnie Biafore
Updated
11/5/2015Released
5/14/2015Viewers will then learn how to customize fields and generate cool graphical and visual reports. Finally, the course shows how to share various customizations and configurations as well as best practices for managing multiple projects.
- Recalculating duration, work, and units for assignment changes
- Adding, removing, and replacing resources
- Defining part-time resources
- Setting cost rates
- Accounting for overtime costs
- Working with earned value
- Exchanging data with other programs
- Customizing fields and reports
- Sharing customizations
- Sharing resources and linking tasks between projects
Skill Level Intermediate
Duration
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Introduction
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Welcome2m 1s
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1. Options for Opening and Saving Project Files
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2. Mastering Resource Assignments
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Keeping task duration fixed3m 26s
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Maintaining total task work3m 33s
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3. Managing Project Costs
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4. Working with Earned Value
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5. Exchanging Data with Other Programs
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Hyperlinking in Project6m 3s
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6. Customizing Fields
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Understanding custom fields3m 32s
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Naming a custom field2m 35s
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7. Customizing Graphical Reports
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8. Customizing Visual Reports
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9. Sharing Customizations
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10. Working with Multiple Projects
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Creating a master project4m 32s
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Conclusion
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Goodbye1m
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Video: Accounting for overtime costs