Differences between resource types

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Ken
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Differences between resource types

Postby Ken » Tue Jun 26, 2018 3:06 pm

What is the difference between cost resources, work resources, and material resources?
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bbadmin
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Re: Differences between resource types

Postby bbadmin » Tue Jun 26, 2018 3:13 pm

Resource costs are used to differentiate the types of costs that can accrue to an activity based on the type of resource that is being consumed. If the resource costs is a rate ($/time unit) it can be used to model time dependent costs.

Work costs are the cost for personnel based upon a rate (hourly, daily) or Cost per Use. Material costs are the cost for materials consumed during and activity. Work and Material costs are calculated based on the rate or cost/use and the resource allocation (units).

To allocate resource costs using Work or Material costs, assign the resource to an activity and resource costs are calculated automatically depending upon the duration and allocation.

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Cost type resources are useful for assigning specific unique resource costs to specific activities and are not calculated based on unit allocation, but on a single cost for that resource/task. In the example below, there are no units, but a single cost.

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