MSP 4.4 Entering Cost Resources

Setting Up Cost Resources

This includes:

1-What are Cost Resources

2-How to enter Cost Resource Names

A cost resource has only a cost value, no work related value. It does not have any time based parameters (like hrs.) associated with it. It also is not a consumable commodity. Eg. airplane tickets for travelling may be required for a particular task. These will incur a cost, but has work/ material related value. Thus, these don’t affect the scheduling also. These are added so that the such costs can also be tracked in the project plan. Other examples of cost resources can be costs for training, entertainment, dining, etc.

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