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Setting up cost defaults

You define fixed cost defaults in the Cost tab. These parameters are used when you create tasks (fixed costs) and resources (variable costs).

  1. Click the Schedule tab. In the Settings group, click Options.
  2. Click the Cost tab.
  3. Enter in the scalar factors used to calculate default low and high fixed costs
  4. Enter in the default rate for variable costs in the Variable Cost box. This is used when new work or material resources are created.
  5. If you want RiskyProject to calculate actual cost and income based on percent for work done (tracking information), click the Actual costs are always calculated by RiskyProject check box. Otherwise, you may manually enter actual data in Cost and Revenue view.
  6. Select the Currency symbol and format for any field with currency.
  7. Enter default type of cost and income accrual. Cost and income accrual can be at the start of the task, or at the end of the task and prorated.
  8. Enter Default Discount rate for NPV calculation. This discount rate is used in Cash Flow view.

  • If there is a distribution for cost defined by low, base, and high values and risk for cost is used for the same task, it can cause a double count of the same risk factors.
  • You can use any currency symbols, except for numbers, commas, and periods.
  • You must define the particular unit for the default rate e.g. "hr" in the Units tab of the Options dialog box. By default, this unit is hours.

See also

Calculation Options
Setting up risk defaults
RiskyProject Units Options

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