Creating a cost resource

The Cost Resource type is perfect for expenses that aren't based on time or…quantity, like airfare, fees or tuition.…Unlike work and material resources, you assign values when you assign…cost resources to tasks.…That way the cost for each assignment can differ, like different airfares for…each trip and you can track the total amount for each cost category separately.…Cost resources are the easiest ones to create.…So let's go to the resource sheet.…On the View tab, click Resource Sheet.…

Then in the first blank Resource Name cell type the name of the cost resource,…in this case Permits.…Then when I click the Type cell, Project fills in Work, but I can just click the…down arrow and then choose Cost.…You can see the only other two fields that are important are Initials and Accrue.…I'll type the name Permit in the Initials field and Prorated is fine.…So we are already done.…That's all you have to fill in.…

With Cost resources, you tell Project how much they cost when you assign them to tasks.…So let's see how that works.…