Please enable Javascript to access the support portal. Here are the instructions how to enable JavaScript in your web browser.

How do I do cost planning with named rates?

If your site has been configured to use named rates, then using named rates can be used in either the Cost Planner or the Resource Planner. How the named rates are labeled is up to your organization, and thus, the names rates will vary (ex: Rate 1, Rate 2, Rate 3 or Junior or Senior Level). The Rates Table is used if the Role Rate needs to be further specified (ex: Standard Rate for the Developer Role or Senior Level Developer Rate which has a higher rate than the standard rate). This article displays how named rates that have been set up in the rates table by site collection administrator can be used in the Cost Planner and in the Resource Planner.

Note: It is NOT required to associate resources to a named rate. However, to note that a specific resource's rate is different than that of their role, the SCA would add the resource to the named rate in the rates table and that resource named rate would supersede the standard rate.

Cost Planner- View the Labor Cost Category Roles  

View the Labor Cost Category Roles in the Cost Planner on the Budget tab.

View the Cost Planner with Named Rates Configured

View the Cost Planner with Named Rates configured. The Project Manager enters the unit of measure (UOM), which is hours. Then, based on each role's rate, the cost would auto-calculate.

View Selected Named Rate and Data

View the selected named rate and data based of the hours entered and the cost auto-calculated.

View Example of Other Named Rate and Data

View the selected named rate and data based of the hours entered and the cost auto-calculated.

Resource Planner - View the Generic and Named Resources

View the generic and named resources in the bottom window of the Resource Planner.

View the Resource Planner with Named Rates

Notice the Developer roles has been added to the resource plan. Next, the Project Manager selects which named rate will be associated to the resource plan.

View the Added Named Rate and Hours

View the selected named rate and added hours. Once saved, this data populates the Resource tab in the Cost Planner.

Populated Resource Plan tab in Cost Planner

View the populated Resource Plan tab in Cost Planner.

Have more questions? Submit a request

0 Comments

Article is closed for comments.