In this topic, John Riopel reviews how to determine whether the project resource types are under or over budget in Microsoft Project, as well as how to understand the handling of that information collectively at a skilled group level.
- Now that we've moved all our resources to named resources,…let's take a look at what that might look like…in our report that we created.…So we'll go to the Report Ribbon…and select Custom, Budget and Work Report.…Here we can see we have the various costs,…again by cost type.…So we understand whether we're under budget…for a particular thing, like our hardware.…Or over budget.…Or in our case have the same budget…versus planned work.…
So we can see that our costs look okay.…In most cases, we're under.…And we're equal in one.…In the case of the labor, however,…when we look at the various groups,…we see that our PM group has far exceeded…our current budget for that particular group.…In software, we're under budget…and our sub is in fact four hours over as well.…So you may want to look at which groups…are overallocated and which ones are underallocated.…
If you need to get to…additional detail about these problems,…specifically the PM group,…you can return back to your View Ribbon…and go back to your Custom Budget Resource Usage view…
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