Introduction to Defining Resources

Resources are divided into two main categories:

In MPM, you use the Resources application to specify the direct costs. You provide descriptive information about a resource, then assign rates to the resource over the life of the project. You can use the Escalate Rate function in MPM to automatically calculate escalated rates.

You assign resources to estimates to calculate the cost of a project. If you make a change to the resource definition, the change ripples through all estimates where the resource has been assigned.

How Resources Are Related to Other Pricing Elements

Resources are one of four components that define the pricing structure (estimating/ budgeting) of your company. The four components:

elements_of_cost.jpg

Related Topics

Accessing the Resources and Burdens Window Resources Tab

Orientation to the Resources and Burdens Window