How Planned Cost is calculated in PPM

[shaik_irfan]

Hello,

I created a Resource Plan with Resource Type as Group once i submit Cost Plan is created and it dislays Total Planned Cost. Can anyone please tell me how it is created and how can i edit the total planned cost. 

Also Requested Allocation are created based on the Start & End date of Resource Plan can anyone please explain me on this

[Mustafa Hussain]

For cost plans created via resource plan

Update cost plan related to a resource plan

For cost plans created directly, You can modify the Unit cost, or the individual breakdown values which are aggregated to get the total planned cost v alue

[shaik_irfan]

Mustafa,

I mean to say on what basis planned cost calculated ?

I gave Start & End date of Resource Plan with 1 month and gave the planned hours as 100 then it sets the Planned Cost as 5000 $

Can you tell me how it is calculating as 5000

[Mustafa Hussain]

Amount in Planned hours multiplied by the hourly rate of the specified user or group resource. This amount is a first-draft estimate of the resource plan cost.

Planned cost is rolled up from Requested Allocations for plans in the Planning or Requested state and from Resource allocations for plans in the Confirmed or Allocated state. While requesting resources from a group, if a resource role is specified, the planned cost is calculated from the hourly rate of the specified role.

Have a look at the planned cost field in the request details section of this link

[yogesh41]

Cost Plan.Total Planned Cost = Requested Hours * per hours rate for request Group/User its.

The hourly rate are either bing defined in User Rate card or Rate Model (https://docs.servicenow.com/bundle/madrid-it-business-management/page/product/project-portfolio-suite-with-financials/concept/rate-model.html) 

The default hourly rate is being defined as $50/hour. That is the reason you see $5000 as planned cost. 

- Yogesh