You can also create project reference-books - a set of databases with the corporate norms.Ĭosts are assigned per unit of time, per physical unit of work volume (cm, kg, etc.), or fixed (independent of time and work). In Spider you can create any number of cost components including those that depend on others and calculated by formulas. One of the issues my management has is that they don’t like idea of effective rate, as they want to see travel costs separately from hourly rate to be shown in overall “resource usage” table Or I could just add a “Cost resource” and add travel cost manually, but it would be the same effect (manual calculation).Īre there any ideas on how it can be improved? But for large projects, I am always using the statistical approach (effective hourly rate). I actually use such approach for small projects, where I can exactly calculate amount of travel needed (say 2 customer visits). Of cause alternatively I could create a material resource called, “Weekly travel cost” and then I would assign certain amount of material resources to a task, but it will not be automatically calculated any longer. The advantage of such approach is that when I assign resource, his travel expenses get calculated automatically depending on duration of a task. But for instance a Field Engineer, who I know is always travelling, would have a higher increase in hourly rate. Rate of PM to be 112.5.Īfter that I create a task, which runs through entire project duration, called PM Work and then I assign PM resource to this task for 100%. Then his effective hourly cost (taking account travel cost) would be: Say his standard hourly cost is 100 USD /h. What I do is I calculate so-called effective hourly rate of PM. I also assume, that PM would book 40h on a project per week. I also know his travel expenses for a week (say 2000 USD). I also know, that this project manager would travel to the customer in average every 4rth week (so, in average 25% of his working time).
I know that this project would occupy Project Manager (PM) for pretty much 100%. If say I have a project, which would last for a year (a critical path). I would like everybody to comment on my approach for planning travel costs of the project.