Review and Manage Planned Cost and Hours
Explanation
Use this activity to review and manage information about planned cost and hours.
Information about planned costs
and hours are shown on planning items and on project deliverable items. They can
be automatically retrieved from part costing and operation costs.
It is also possible to manually add planned cost and hours on planning items by
using project cost elements. Information about planned cost and hours are also
reported as planned cost/hours on the connected project activity.
Prerequisites
In order to review planned cost information for material, a gross requirement calculation
(GRC) should have been completed.
In order to review planned cost and hours for work task plan, requires a work
task plan to be created.
System Effects
Information about planned cost and hours are summarized and reported as
planned cost/hours on
connected project activities.
Window
Project
Deliverables Navigator
Related Window Descriptions
Project Deliverables
Navigator/Planning Items
Project Deliverables
Navigator/Planning Items/Cost/Hours
Project Deliverables
Navigator/Cost/Hours
Procedure
Review planned cost and hours on a planning item in Project Deliverables Navigator/Planning
Items:
- Open the Project Deliverables Navigator window and populate it with
values.
- Click the Planning Items tab.
- Select the planning item.
- Right-click in the header of the Cost/Hours
tab and click Update Project Cost and Hours.
- Review information about planned
costs and hours.
Add planned cost and hours on a planning item in Project Deliverables Navigator/Planning
Items:
- Open Project Deliverables navigator and populate it with
values.
- Open the Planning Items
tab.
- Select the planning item.
- Click on Cost/Hours tab and create a new record.
- Select a project cost element from List of Values.
- Enter a value in the Level Override Cost Per Unit field.
- Enter a value in the Level Override Hours Per Unit field.
- Save your changes.
Review planned cost and hours on a project deliverable item and its
underlying component structure, in Project Deliverables Navigator/Cost/Hours
tab:
- Open Project Deliverables Navigator and populate it with
values.
- Click the Cost/Hours
tab.
- Right-click and then click Calculate Item Cost and Hours.
- Open Cost tab and review planned cost for project
deliverable component structure.
- Open Hours tab and review planned hours for project
deliverable component structure.
Review planned cost and hours for a work task plan:
- Planned hours for a work task plan = Planned Quantity
in Work
Task Plan/Resources tab x Duration
in Work Task Plan/General
tab
- Planned cost for a work task plan = Planned Quantity
in Work
Task Plan/Resources tab x Duration
in Work Task Plan/General
tab x Cost in
Resource Detail/Cost/General tab.
- Open Project Deliverables navigator and populate it with
values.
- Expand the tree and select a work task plan.
- Open Work Task Plan\General tab and review the
value in Duration field.
- Open Work Task Plan\Resources tab and review
Resource Group and the value in Planned Quantity
field.
- Open Resource Detail/Cost/General tab and
search for the above resource group.
- Review information in Cost field.
- Open Project Deliverables navigator and select work task
plan's parent item.
- Open Planning Items tab and select the above
work task plan item.
- Right-click in the header of the Cost/Hours
tab and click Update Project Cost and Hours.
- Review values for planned cost and hours.
- Planned cost and hours can also be further analyzed on the project
activity, as described here:
Evaluate Cost, Hours, Revenue and Progress from Connected Objects
- Open Project Navigator/Activity/Cost tab and
review planned cost.
- Open Project Navigator/Activity/Hours
tab and review planned hours.