Chapter 7. Working with Costs

Prerequisites

• Have a project in which you have already entered tasks and their resources.

• Understand project management.

Generally speaking, people and equipment generate the most expense in a project. Therefore, understanding how to fine-tune some of the costs associated with resources is a valuable skill in project management.

This chapter will show you how to specify some of the finer details in working with resource pay rates and costs. We'll also discuss other cost tasks, such as how to apply a fixed cost to a task and how to use consumption rates for material resources.