Costs in Microsoft Project

[Jackie]

I am trying to track the cost in a specific project. I do see where I can
add in the Standard Rate of Pay to each resource and the overtime rate of
pay, but I would also like to see if there is a way that I can add in the
additional fringe benefits and get an overall cost for each resource based
upon the actual hours that each resource worked. Perhaps I can insert a
column that will allow me to do this. Will this be possible?

 

[Mike Glen]

Hi Jackie,

Welcome to this Microsoft Project newsgroup

Well, you can add columns, but the Standard Rate and Overtime should not be
the resource's wages. The Rate is the cost to the project of using that
resource and should include wages and all the costs like fringe benefits,
holidays, sickness, training, etc. Specific additional costs per task
should be entered in the Fixed Cost column.

FAQs, companion products and other useful Project information can be seen at
this web address: http://project.mvps.org/faqs.htm

Hope this helps - please let us know how you get on

Mike Glen
MS Project MVP
See http://tinyurl.com/2xbhc for Project Tutorials

 

[Jackie]

Also, what is the column Cost/Use used for?

 

[Mike Glen]

Hi Jackie,

Example: you hire a crane. It might have a fixed hire cost for the period,
a running cost of so much per hour and a per use cost for each time you use
it, irrespective of the work done. Someone might have a better example.

Mike Glen
Project MVP

 

[Jan De Messemaeker]

Hi,

Since Per Use Cost is multiplied by Units, in the crane example I put it as
the cost per crane you hire for that task.

 

[Jan De Messemaeker]

Hi,

Yes, to me a crane is a Work resource - I don't think it will be consumed by
the task.
HTH

 

[Steve House]

Cost per use is a charge that is added to your cost once for each task the
resource is assigned to. It could be delivery charges, setup charges, any
number of things. One creative use of it is to handle piecework situations
.... a resource gets paid a fixed $50 each to install windows, for example.
He doesn't draw a salary or wage at all so his rates are StdRate=$0,
OvtRate=$0, CostPerUse=$50. If he has to install 10 windows, set up a
summary task "Install Windows" with 10 subtasks, one for each individual
window to be installed. When you assign the resource, the costs will get
calculated at $50 per window and the summary will show 10*$50.