Join Bonnie Biafore for an in-depth discussion in this video Representing fixed-price contracts with cost resources, part of Managing Subcontractor Projects with Microsoft Project.
- [Voiceover] With a fixed-price contract…you pay the same price,…regardless how many hours someone works.…All you really need to know is the subcontractor's…estimated finish date.…In Project, a cost resource can handle…fixed price contracts without breaking a sweat.…Here we have the main project file for our project.…We've got the Resource Sheet View displayed.…If you don't see it, just go up to the View tab,…and click Resource Sheet.…
In this project, the system architect…and the security company are both working…on fixed price contracts.…We're going to create resources to represent both of those.…Let's start with the system architect, Michelle Booker.…I'm going to click the first blank resource name cell.…I'm going to put her name in.…Just like I did with the network engineer,…I'm going to do last name first.…So I type in Booker, Michelle.…When I press Tab and I go to the Type cell,…Project automatically fills in work the way it always does.…
But in this case, we don't want a work resource.…We want a cost resource.…
Expert project manager Bonnie Biafore introduces approaches for working with subcontractors, including how to set them up in Project and incorporate their schedules. The course then explains how to set up multiperson team resources, assign subcontractors to tasks, periodically update the project, and review subcontractor performance based on cost, work, and schedule, and in relation to the overall project. Follow along with the sample Project file, featuring before-and-after examples you can use to compare your work to the author's.
Note: This course was designed in collaboration with author John Riopel. The techniques apply to Project 2010, 2013, and 2016.
Lynda.com is a PMI Registered Education Provider. This course qualifies for professional development units (PDUs). To view the activity and PDU details for this course, click here.
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- Explain how to show the type of contract for a new resource.
- Recall how to set up a team resource to track time and cost.
- Recognize the benefits of inserting a subcontractor’s project into a main project file.
- Determine how to add a summary task as a part of a last milestone.
- Identify the steps taken to view all tasks assigned to a specific subcontractor.
- Summarize the type of relationships shown in four kinds of charts in the Resource Cost Overview.