In this video we discuss options for managing management reserve, either at the resource or task level, in Microsoft Project. We also create the custom field needed for tracking this information at the task level.
- Now sometimes management also wants to add…into a budgeting situation Management Reserve…for a given task or Resource Group.…Now, if you're going to do it on the Resource side…of the data field, you would want to go back to…your Resource Sheet and create a Management Reserve…from maybe your budget or your labor-type resources.…Since most often Management Reserve…is calculated at the task level,…and not at the resource level,…I'm going to return to my Gantt Chart view,…and I'm going to insert a new column on the Gantt Chart,…and I'll make this a Cost column as well.…
And as you can see, the Cost columns on the task side…are going to be different than the Cost columns…on the Resource side, so I'll select my Cost one column…as an example, and I'll right-click on that…and customize this, and rename this…to my Management Reserve…and press OK.…Since this is going to be at just a straight Cost value,…that I have put in here, I don't need a formula,…and I am definitely not going to be using a lookup.…
However, I may want to roll this up to the Summary level,…
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