Budgets, hours, costs [Doubt]

[Kelson]

Hi all !

I`ve got a task that has a limit of money to spend (budget) ... so I gotta
work into that amount... How can I set this limit? I need to link it to hours
....
e.g. $1000 = 200h

And how can I set the real working hours instead of set the days?

Can anybody help me?

Thanks

 

[JulieS]

Hi Kelson,

The costs in Project are usually a function of the amount of work
assigned and the cost of the resource(s).

Generally you create your resources (on the Resource Sheet) and supply
the resource's Standard Rate. You then assign resources to tasks.

Based upon the duration of the task and the resource units assigned,
Project calculates the work for that assignment. In the simplest of
scenarios, the cost of the task is the work * standard rate for the
resource(s).

In your scenario, a 200 hour work assignment would equal $1000 if you
assigned a resource with a standard rate of $5.00 per hour.

You may wish to take a look at fellow MVP Mike Glen's series of articles
on MS Project at:

http://project.mvps.org/mike's_tutorials.htm

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

Julie

Visit http://project.mvps.org/ for the FAQs and additional information
about Microsoft Project

 

[Steve House]

A task's "budget" as MS Project sees it is the amount of money that is
expected to be required to complete the task, not the amount you have been
allocated to spend on it. Hopefully the estimated cost will be less than
the maximum you are permitted to spend ... if it's not, you will be
physically unable to complete the task and the project will fail. Project
will compute the "bottom-up" task cost estimate, its budget, based on the
resource costs. You can then get use one of the available user defined cost
fields to capture your allowed amount and compare the two.