Tracking Generated Revenue

J

JG

I am very new to MS Project and I can't figure out how to track revenue
generated by each task of my "project". Is this possible? Can I also add
custom fields?

Thanks,
JG
 
J

Jim Aksel

There are numerous custom fields: Text1 to Text30, Dates, Number, Cost,
Duration, ... Columns are inserted from the Insert menu of the menu bar.

Revenue --
Resources added to the Resource Sheet can be fully burdened to include fee,
profit, G&A, OH, and the like. As such, you would be enterring a "Bill Rate"
into the $/hr column (standard rate) on the resource sheet. This eventually
represents your revenue and cost streams.

So, if you have Joe write a document and it takes him 40 hours at $100/hr
then he has earned you $4000 as revenue when the task is 100% complete and
invoiced. If you only pay him $30/hr then you are making some money.

There are much more robust methods available in project. Look in the "Help"
for Percent Complete. Also look for "Earned Value." Using Earned Value in
Project will show you the spread of $$$ against the schedule (time), your
Actual Costs to complete the work, and, the value you receive for the work
that has been performed.
--
If this post was helpful, please consider rating it.

Jim
It''s software; it''s not allowed to win.

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

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