Plan Resource Information
It is important to plan the development of your resources.
In planning, you:
- Establish the list of resource names
- Determine the similar calculations/results
- Create rate sets
- Create budget elements
It is important to define resources so that they can express any type of cost you intend to track in Cobra. However, since results use both disk space and processing resources, it is also important that the names of results be conserved as much as possible. As a rule of thumb, it is usually advantageous to use as few result names as possible to maintain a compact project database.
Cobra allows for a limited number of results in a single project. However, most project costs can be expressed using only a few result names.
For example, the result Direct should be used as the calculated direct labor cost on all resources. In addition, it will be used as the base for material items that will use a direct input for costs.
While this might cause the field names to be inappropriate in some cases, you can differentiate between different types of costs by using the Result field in the budget calculation. The result prompt is what appears on the data entry screens.
You must consider your reporting requirements when creating the result names. Since reporting by hours is a valuable tool, you do not want to use the generic Quantity result for hours.
Results are often used to identify different currencies for a project. Examples of results are USD, GBP and EUR. If your projects contain hundreds of currencies, you should consider using generic result names such as Direct for the home currency and Controlling, and Company for other currencies used for multi-project reporting.