Planned Cost on Resource plan is not calculating properly

MSM1
Tera Contributor

‎07-28-2022 01:02 AM

Hello Team,

The planned cost on Resource plan is not calculating properly,

I have created a new Resource role with a Hourly Rate, when calculating the planned cost it should multiply

Planned hours x Hourly Rate - Planned Cost

But in my case when used the role that I have created Planned hours is calculating with the default rate.

can anyone help me if I am missing anything to configure.

Thanks,

msm.

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Community Alums
Not applicable

‎07-28-2022 01:20 AM

Hi MSM,

Please look for "Calculate Demand/Project Planned Cost" "Calculate Demand/Project Allocated Cost" Business Rules on resource plan table.

These contains script include "RMCostAggregator" which do majority of the work.

Costs associated with a resource plan are tracked on the Resource Plan form. All costs related to resources allocated to the plan are rolled up to the resource plan. For example, the Allocated cost field on the resource plan is the sum of all costs from the resources allocated to the plan:

 

Employee A: 8 hours allocated to the plan at a rate of $50 per hour = $400
Employee B: 16 hours allocated to the plan at a rate of $75 per hour = $1200
Employee C: 16 hours allocated to the plan at a rate of $75 per hour = $1200
The total allocated cost on the resource plan = $2800

The following cost fields are present on the Resource Plan form:

 

  • Planned cost: Calculated from the resources' hourly rate and the planned hours. Used to give an estimation on the cost of the plan during planning.
  • Allocated cost: Calculated as a sum of all of the resources' allocated costs. Used to give a more accurate estimation on the plan cost during allocation and approval. The Allocated Cost field on the resource plan form is automatically derived and calculated from cost records.
  • Actual costs: Calculated from the hourly rate of each resource and the actual hours worked, as reported on each resource's time card. Used to analyze plan costs based on the actual hours.

Referred from this thread.

 

Mark my answer correct & Helpful, if Applicable.

Thanks,

Sandeep

 

 

 

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