Planning Costs
For planners who want to fully utilize Open Plan as an earned value management system, there are a number of features for working with cost information.
These features are as follows:
- You can report on high-level summaries of resource costs based on the resource category or the hierarchy of a resource breakdown structure.
- You can choose which resources to consider in cost calculations.
- You can define escalated and unescalated rates for resources, resource pools, and skills.
- Related Topics:
- Setting Up Categories
If you want to roll up resource costs into categories, you need to specify the appropriate category for the resource. - Setting Up Resource Rates
For each resource, you should enter a base unit cost. If the resource is a Labor resource, the units are typically hours and the unit cost will be the present value of the direct labor rate. - Assigning Resources
To define budgets using resources, you must first define the resources in a resource file and then attach the resource file to the project. Then you add resource assignments to the activities. - Calculating Costs
Open Plan calculates costs and stores them at the detail level, allowing you to store time-phased quantity, cost, and escalated cost by resource and activity.
Parent Topic: Managing Costs