How to manage rate card changes for a new fiscal year in resource plan

Shubham21 · ‎10-18-2022

Hi Everyone,

Hope you're doing good.

We have a requirement to manage rate card changes for new fiscal year and curious to know how can we inhibit such changes with open Resource plans.

For e.g. RP is open for FY22 and ends in FY23, if there are changes in rates for a resource in FY23, we want new rate to be applied on the RP.

I know these changes can be made introducing forceful scripts changes on RP, Resource & requested allocation, but I am looking forward to hear, If any OOB solutions can be used for these corrections.

Suggestion and advice are welcome. Please feel free to reach out if anyone had come across similar requests.

Regards,

Shubham

Shubham21 · ‎01-16-2023

Hi Namita,
Thanks for your response. Sorry to miss but we were using Labor rate cards instead of rate models and that is the main reason we fell into this issue. The recalculate UI action will not be helpful for such actions. So we used fix scripts to update only future sets of allocations.

Takeaway and lesson learnt is to use Rate Model and define rate lines for each year and utilize OOB recalculation options for such requirements.

Regards,
Shubham

View solution in original post

Dhiren Aghera · ‎12-19-2022

Also to add over what @Namita Mishra perfectly mentioned is to ensure you have the rate model defined for your Project/Demand and that you have created rate lines for different FY's (in your case for FY22 and FY23.