Contents of the Rates Form
Use the Rates form of Resource Planning Settings to specify the budget type and the cost and billing rate methods, tables, and multipliers to use as the defaults for new plans.
With the necessary access rights, users can override the defaults for individual plans.
If you set up multiple companies in Vantagepoint, you specify default rate settings separately for each company.
Contents: General
Field | Description |
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Active company | If you set up multiple companies in Vantagepoint, the active company displays at the top of the form. If that company is not the company for which you want to specify rate information, select the correct company from the drop-down list on the Vantagepoint toolbar. |
Contents: Standard Settings
Field | Description |
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Budget Type |
Select one of the following as the default budget type for new plans:
|
Contents: Labor Cost Rates
If you select Cost or Cost and Billing in Budget Type, labor cost rate settings are used to calculate all planned labor cost amounts. If you plan based on billing, labor cost rates are only used to calculate labor estimate-at-completion (EAC) multipliers.
Field | Description |
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Labor Cost Rates: Employee Rate Method |
Select one of the following as the default employee cost rate method for new plans:
If you select From Labor Rate Table, From Labor Category Table, or From Labor Code Table, also select a default employee cost rate table. |
Labor Cost Rates: Employee Rate Table |
If you selected an employee cost rate method other than From Employee Provisional Rate or None, select a default employee cost rate table for new plans. The rate table provides the default cost rates for WBS elements in the plans. The only rate tables displayed for selection are those that are marked as available for planning. In addition, if you use multiple currencies in Vantagepoint, the selection list only contains tables that contain rates in your functional currency or, if you have multiple companies, in the functional currency of the active company. If you do not want to specify a specific rate table as the default or have not yet set up the rate tables, select None. |
Labor Cost Rates: Generic Resource Rate Method | Select
From Labor Category Table or
From Labor Code Table to indicate if you want to use labor category rate tables or labor code rate tables as the default cost rate method for generic resources for new plans.
If you do not want to specify a rate method as the default, select None. |
Labor Cost Rates: Generic Resource Rate Table |
Select a default labor category or labor code rate table for generic resources in new plans. The rate table provides the default cost rates for WBS elements in the plans. The only rate tables displayed for selection are those that are marked as available for planning. In addition, if you use multiple currencies in Vantagepoint, the selection list only contains tables that contain rates in your functional currency or, if you have multiple companies, in the functional currency of the active company. If you do not want to specify a specific rate table as the default or have not yet set up the rate tables, select None. |
Contents: Labor Billing Rates
If you select Billing or Cost and Billing in Budget Type, labor billing rate settings are used to calculate all planned labor billing amounts. If you select Cost in Budget Type, these settings do not display.
Field | Description |
---|---|
Labor Billing Rates: Employee Rate Method |
If you select Billing or Cost and Billing in Budget Type, select one of the following as the default employee billing rate method for new plans:
If you select From Labor Rate Table, From Labor Category Table, or From Labor Code Table, also select a default employee billing rate table. |
Labor Billing Rates: Employee Rate Table |
If you selected an employee billing rate method other than From Employee Provisional Rate or None, select a default employee billing rate table for new plans. The rate table provides the default billing rates for WBS elements in the plans. The only rate tables displayed for selection are those that are marked as available for planning. In addition, if you use multiple currencies in Vantagepoint, the selection list only contains tables that contain rates in your functional currency or, if you have multiple companies, in the functional currency of the active company. If you do not want to specify a specific rate table as the default or have not yet set up the rate tables, select None. |
Labor Billing Rates: Generic Resource Rate Method | This field displays the method selected in Generic Resource Rate Method under Labor Cost Rates. |
Labor Billing Rates: Generic Resource Rate Table |
Select a default labor category or labor code rate table for generic resources in new plans. The rate table provides the default billing rates for WBS elements in the plans. The only rate tables displayed for selection are those that are marked as available for planning. In addition, if you use multiple currencies in Vantagepoint, the selection list only contains tables that contain rates in your functional currency or, if you have multiple companies, in the functional currency of the active company. If you do not want to specify a specific rate table as the default or have not yet set up the rate tables, select None. |
Labor Billing Rates: Employee and Generic Billing Multiplier |
Enter a default multiplier (2.7500, for example) for calculating labor billing amounts for both employees and generic resources: Planned hours x Billing rate x Billing multiplier. If you select None in both Employee Rate Method and Generic Resource Rate Method under Labor Cost Rates, this field is not available. |
Contents: Expense Billing Rates
If you select Billing or Cost and Billing in Budget Type and if planning is enabled for expenses, expense billing rate settings are used to calculate all planned expense billing amounts. If you select Cost in Budget Type or if planning for expenses is not enabled, these settings do not display.
Field | Description |
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Expense Rate Method |
Select one of the following as the default expense billing rate method for new plans:
|
Expense Rate Table |
If you selected an expense billing rate method other than Multiplier Only or None, select a default expense billing rate table for new plans. The rate table provides the default billing rates for WBS elements in the plans. The only rate tables displayed for selection are those that match the rate method you selected (expense account tables or expense category tables) and that are marked as available for planning. If you do not want to specify a specific rate table as the default or have not yet set up the rate tables, select None. |
Expense Billing Multiplier |
If you selected an expense billing rate method other than None, enter a default multiplier for calculating expense billing amounts for reimbursable expenses (1.2500, for example). Billing amounts for direct expense line items are always set to zero. |
Contents: Consultant Billing Rates
If you select Billing or Cost and Billing in Budget Type and if planning is enabled for consultants, consultant billing rate settings are used to calculate all planned consultant billing amounts. If you select Cost in Budget Type or if planning for consultants is not enabled, these settings do not display.
Field | Description |
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Consultant Rate Method |
Select one of the following as the default consultant billing rate method for new plans:
|
Consultant Rate Table |
If you selected an consultant billing rate method other than Multiplier Only or None, select a default rate table for new plans. The rate table provides the default billing rates for WBS elements in the plans. The only rate tables displayed for selection are those that are marked as available for planning. If you do not want to specify a specific rate table as the default or have not yet set up the rate tables, select None. |
Consultant Billing Multiplier |
If you selected an expense billing rate method other than None, enter a default multiplier for calculating consultant billing amounts for reimbursable consultant expenses (1.2500, for example). Billing amounts for direct consultant expense line items are always set to zero. |