Once Resource plan is allocated the cost plan is updated with default rate from system

[Knight Rider]

Hello All,

When a Resource plan is requested for specific group with hourly rate as $200 for  100 hours the planned cost is $20K on the Resource plan.
A cost plan record is created with total planned cost as $20K.

Once the Resource plan is "Confirmed and Allocated", the  below fields

Resource Plan: "Confirmed/Allocated Cost" field is set to b.
Cost Plan: "Total Planned Cost" field is set to  $5k

We understand that $5k is calculated  from the  "Default rate" from system property.
Please see the snippet below:

Could you please  let us know how can we change this to get hourly rate from rate lines and update accordingly.

Thanks you!

[Namita Mishra · Accepted solution]

Hi @Knight Rider ,

Thanks for reaching out to community.

Looking at your post, I feel that you have not associated the rate model with project hence system is fetching the default rate i.e. $50 per hour.

Please try following:

Login as a project manager

Access the Financials from project form and associate the rate model, refer below screenshot

 

Try creating the resource plan again.

 Hope this will resolve the pain point. If it does please mark the response as correct.

Happy SPM Learning !

Thank You!

Namita Mishra