Hi AM,
From help:
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Cost is calculated based on the Standard Rate, Overtime Rate, Per Use Cost,
and Cost accrual settings for the resource and the amount of work assigned
to all resources for the task. Any fixed costs for the task are also added
to this field. As actual work or actual cost is reported on this task,
Microsoft Office Project 2003 calculates the cost by adding the actual cost
to the remaining cost
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If you have created resources with Standard Rate etc. and assigned them to
tasks Project will calculate the Cost. If you save a baseline you have a
baseline cost (budget) for your project. As you track actuals in the
project, Project calculates actual cost. No manual typing required.
I hope this helps. Let us know how you get along.
Julie
