How do I set up a baseline cost of my project

Discussion in 'Project General' started by S.PURUSHOTHAMAN, Mar 2, 2006.

  1. Sir,
    How to allocate the planned cost for each and every activity.
    S.PURUSHOTHAMAN, Mar 2, 2006
    #1
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  2. S.PURUSHOTHAMAN

    JulieS Guest

    Hi S. Purushothaman,

    Cost data in project is calculated if:
    Resources have Standard, Overtime, and/or Cost Per Use defined (see Resource
    Sheet)
    Material resources (if needed) are defined with costs.
    Resources are assigned to tasks

    Fixed Costs can be added in the Fixed Cost field which may be added to any
    task table.

    Cost data can be viewed in the Cost Table applied to the Task Sheet or the
    Resource Sheet.

    Then, save a baseline for the project in Tools > Tracking > Save Baseline.

    Cost data for each task, resource, and assignment is then duplicated into
    the appropriate Baseline Cost field.

    I hope this helps. Let us know how you get along.

    Julie
    "S.PURUSHOTHAMAN" <> wrote in
    message news:...
    > Sir,
    > How to allocate the planned cost for each and every activity.
    JulieS, Mar 2, 2006
    #2
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  3. S.PURUSHOTHAMAN

    Trevor Rabey Guest

    1) create Tasks, describe them properly with verbs, order and group them
    within a sensible WBS with headings etc.
    2) estimate Durations, keep them short. if more Tasks, more detail are
    needed to get short durations, them make them.
    3) make predecessor links, kep it simple, stick to FS0 or FS>0
    4) assign Resources. usually better to make a complete list of Resources,
    with type, max units, costs per hour and per use before assigning.
    5) if you don't want to assign resources (but you should), just assign Fixed
    Costs to Tasks in the Gantt View, Costs Table.
    6) assign Fixed Costs, if necessary, also even if Resources (with Costs) are
    assigned.

    DONE!

    Then save a Baseline (TOOLS, TRACKING, SAVE BASELINE)

    .... except for all of the other things to remember such as Calendars, Task
    Type, Effort Driven, Date Constraints, Leveling, analysis, optimisation,
    Tables, Views, Filters, Groups, Sorting, output as Gantt Chart prints,
    export to EXCEL, built in reports etc.

    "S.PURUSHOTHAMAN" <> wrote in
    message news:...
    > Sir,
    > How to allocate the planned cost for each and every activity.
    Trevor Rabey, Mar 7, 2006
    #3
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