--- sourceDocument: Xanadu Strategic Portfolio Management sourceDocumentLink: https://www.servicenow.com/docs/r/xanadu/it-business-management Release : - xanadu ft:locale : - en-US ft:publication_title : - Xanadu Strategic Portfolio Management ft:clusterId : - itbm bundleId : - itbm workflow : - Technology --- # Generate labor costs # Generate labor costs {#ariaid-title1} * Release version: Xanadu * * Updated August 1, 2024 * * ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read Generate labor costs based on the planning attributes configured for financials in the planning attributes page for the resource assignments in a project. ## Before you begin * Review the planning attributes enabled for financials. For more information, see [Planning attributes](https://www.servicenow.com/docs/lKKxgvSfP1Zclna8LSXQ~g "Planning attributes are designed to define and work on attribute-based resource mapping in Resource Management and to generate labor costs for these resources in financials."). * Role required: it_project_manager {#gen-cost-pln-prj-wrkspc__ul_nlg_slx_nzb} ## Procedure 1. Navigate to AllProjectProjectsAll and select the required project. Make sure that the resource assignments are finalized to generate cost plans. If there are no resource assignments for the project, migrate the resource plans to resource assignments. For more information, see [Migrate resource plans and cost plans for projects and demands](https://www.servicenow.com/docs/b5k75tpC6O7r4RBHGrSKHQ "Migrate resource plans and cost plans of your projects or demands to resource assignments and attribute-bases cost plans and work on the resource allocations and project financials using Project Workspace."). 2. Generate labor costs using one of the following options. | Choice | Description | | Using link from Financials Summary view | 1. Select Project Workbench related link. 2. Select Financials tab and select Cost Plans. 3. Select Generate Labor Costs. {#gen-cost-pln-prj-wrkspc__ol_eyy_2d1_21c} | | Using related links | Select the Generate Labor Costs related link. | | Activate a scheduled job | 1. Navigate to AllSystem DefinitionScheduled Jobs. 2. Filter the Name field to locate the Generate labor costs for demands and projects scheduled job and open it. 3. Select Active and on the Scheduled Script Execution form, fill the fields. For a description of the field names, see [Scheduled Script Execution Form](https://www.servicenow.com/docs/xKlBqaqClT0jTggeTDDxpw#scheduled-script-execution-form "Use the Scheduled Script Execution form to define a scheduled job."). 4. Select Update. {#gen-cost-pln-prj-wrkspc__ol_rmx_c21_21c} | |-|-| {#gen-cost-pln-prj-wrkspc__choicetable_v4j_f5z_d1c} 3. Refresh the browser page to view attribute-based labor costs in the Cost Plans related list. ## Result Attribute-based labor costs are created for the unique combination of attributes that are reflected as the name of the cost plans. * **[Activate a scheduled job to generate labor costs](https://www.servicenow.com/docs/xKlBqaqClT0jTggeTDDxpw#gen-labor-costs-scheduled-job-ppm)** Activate and trigger a scheduled job to generate attribute-based labor costs for all the projects and demands at a required cadence. **Related concepts** * [Create and manage waterfall projects](https://www.servicenow.com/docs/qYAtAhluJwRjZIVT7aE63g "An overview of the tasks involved in creating a waterfall project.") * [Project and portfolio funding](https://www.servicenow.com/docs/yo_huy9HdxJmO3rWIAQX6A "Specify the amount of money that projects and portfolios are allowed to have.") * [RIDAC records for a project in Project Workspace](https://www.servicenow.com/docs/h_7YaQ7eDOfvXq3oeGNQnQ "RIDAC is an acronym for Risk, Issue, Decision, Action, and Request Change records. In Project Workspace, you can create a risk record for your project that you can convert to other records during the project life cycle. You can track issues and avoid copying relevant details in the related records.") **Related tasks** * [Copy a project](https://www.servicenow.com/docs/R7uzpvuqVrOxm6jJDhABmA "Another option for creating a project is to copy an existing project with all its tasks and relationships. After you specify the start date for the copy, the system adjusts all task start and end dates automatically.") * [Create baseline of a project](https://www.servicenow.com/docs/rpnMdmmWB4r_uM8689QhCQ "Create a schedule baseline and financial baseline of a project. A schedule baseline captures planned dates of all tasks and milestones at a particular moment in time. A financial baseline captures benefit and financial metric information (snapshot of cost plan, benefit plan, and project-level financial metrics) at a particular moment in time.") * [Assign a project schedule](https://www.servicenow.com/docs/uQb8CgchFUzq8J5Q4yM1bA "Without an assigned schedule, a project calculates a day as a full 24 work hours. To schedule tasks by a more realistic work day, assign a schedule to the project. If the schedules provided in the base system do not suit your needs, define a new one.") * [Create a project cost plan](https://www.servicenow.com/docs/ivSLOiUlxuZ8cUmvH6RiUg "Project cost plans capture the costs of projects. Create a cost plan to specify the unit cost of a cost type for a fiscal period.") * [Create a monetary benefit plan for a project](https://www.servicenow.com/docs/PRZ20AA5IgPcY0t6_VLNtA "Project benefit plans capture the potential benefits accrued by the project when the project is executed. Create a monetary benefit plan to specify the estimated benefit in a category spanning one or more fiscal periods.") * [Create a non-monetary benefit plan for a project](https://www.servicenow.com/docs/TZKTTgApzzzMVwrXHWah_g "Create a non-monetary benefit plan to specify the estimated benefit in a category spanning one or more fiscal periods. Project benefit plans capture the potential non-financial benefits accrued by the project when the project is executed.") * [Associate monetary and non-monetary benefit plans](https://www.servicenow.com/docs/4lFKAossSu8aM62u4y~6gQ "Associate monetary and non-monetary benefit plans, so that you can capture the potential benefits (financial and non-financial) accrued by the project for the hybrid benefit plans.") * [Create an expense line](https://www.servicenow.com/docs/u2GKnz2JBWQ~IUJ4etmhPA "A project expense line is cost associated with a specific source, such as a user, fixed asset, or a CI. Expense lines are part of project cost plans.") * [Migrate budget of active projects to Next Experience](https://www.servicenow.com/docs/iazR~rOxWHjUaWnw7uY_tw "Migrate the project budget to Next Experience to manage the financials using Project Workspace.") * [Migrate financial baselines of projects to Next Experience](https://www.servicenow.com/docs/DPaazW2jMtb3VaZYwwoslQ "Migrate the financial baselines of your project to Next Experience to manage the financial using Project Workspace.") * [Create a project status report](https://www.servicenow.com/docs/6uavTNJry6CKosZevPBTAA "You can periodically create project status report from the related lists of the project form. The project status report created for the most recent status date updates the status of the project in portfolios.") * [View project status reports](https://www.servicenow.com/docs/1EbO_5jbF6kUblFSUVoQwA "Project status reports provide the most recent, at-a-glance progress of a project displayed in several categories.") * [Create a cost type definition](https://www.servicenow.com/docs/QIrrP1yYKHaCfSNqJ_Mhtw "Create a cost type definition to associate a cost type, operating, or capital, to an account in the General Ledger from the Financial Management application. Create a cost type definition if you are using Project Portfolio Management with Financials.") * [Allocate budget to a project](https://www.servicenow.com/docs/iCor4zzDMQKgy9hZOkmU6Q "Set the budget of a project according to the fiscal years.") *[\>]: and then