How do I set up a baseline cost of my project

[S.PURUSHOTHAMAN]

Sir,
How to allocate the planned cost for each and every activity.

 

[JulieS]

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

 

[Trevor Rabey]

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.